IllinoisHB5203104th General Assembly (2025–2026)House

INC TX-HOTEL RENOVATION

Sponsored By: Michael J. Kelly (Democratic)

In Committee

Summary

Amends the Illinois Income Tax Act. Creates an income tax credit for a taxpayer who owns, operates, or manages a hotel. Provides that the amount of the credit is equal to 25% of the qualified renovation expenditures incurred during the taxable year, subject to specified limitations. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Michael J. Kelly

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  2. Assigned to Revenue & Finance Committee

    3/18/2026House
  3. Referred to Rules Committee

    2/10/2026House
  4. First Reading

    2/10/2026House
  5. Filed with the Clerk by Rep. Michael J. Kelly

    2/5/2026House

Bill Text

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