Amends the Illinois Finance Authority Act. Provides that the maximum amount of notes or bonds that may be issued by the Illinois Finance Authority for any one agricultural real estate borrower may be increased by a higher amount than currently allowed if a higher amount is permitted by statute or regulation. In provisions concerning agricultural assistance loans, removes provisions providing that no proceeds from any bonds issued by the Illinois Finance Authority shall be loaned for the purchase of new depreciable agricultural property to any natural person who has a net worth in excess of $500,000. Effective immediately.
House Floor Amendment No. 1: Replaces everything after the enacting clause. Creates the Targeted Advertising Services Tax Act. Provides that a tax is imposed upon providers of targeted advertising services at the rate of 10% of the gross receipts derived from such targeted advertising services provided in this State. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Amends the Business Corporation Act of 1983. Imposes a social media platform fee. Amends the Illinois Coal Technology Development Assistance Act. Provides that certain amounts required to be transferred into the Coal Technology Development Assistance Fund from the General Revenue Fund shall be directly deposited into the Coal Technology Development Assistance Fund instead. Amends the Illinois Income Tax Act. Provides that certain tax checkoff amounts shall be deposited directly into the specified funds. Amends the Environmental Protection Act. Makes changes concerning certain fees imposed with respect to the sale of new or used tires. Amends the Hotel Operators' Occupation Tax Act. Defines "hotel marketplace" and "hotel marketplace facilitator". Provides that hotel marketplace facilitators that meet specified tax remittance thresholds are considered to be hotel operators for the purposes of the taxes under the Act. Provides that a marketplace facilitator that is considered a hotel operator is required to remit the applicable taxes under the Act and any local hotel operators' occupation taxes administered by the Department of Revenue on all rentals, leases, or lettings of Illinois hotel rooms made by the hotel marketplace facilitator or facilitated for marketplace hotel operators to guests. Contains provisions concerning re-renters. Amends the Illinois Income Tax Act. Provides that, if a late discretionary hearing for a revised final assessment has been granted after a lien has attached, then the lien shall remain in full force except to the extent to which the final assessment may be reduced by a revised final assessment following the hearing or review. Repeals the Messages Tax Act. Makes changes concerning cross-references to that Act. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act, and various Acts imposing local use and occupation taxes to replace references to "alcoholic beverages" with "alcoholic liquor taxable under a specified provision of the Liquor Control Act of 1934". Makes technical changes concerning incorporation of provisions of the Retailers' Occupation Tax Act into various other Acts. Amends the Illinois Gambling Act. Makes changes to provisions concerning gaming at a temporary facility. Makes changes concerning the privilege tax imposed on persons engaged in the business of conducting gambling operations. Amends the Sports Wagering Act. Makes changes concerning the privilege taxes imposed under the Act Amends the Illinois State Auditing Act. Provides that the Auditor General shall conduct a compliance audit in accordance with specified provisions of the Statewide Innovation Development and Economy Act. Amends the State Finance Act, the Illinois Municipal Code, the Metro-East Park and Recreation District Act, and the Local Mass Transit District Act. Provides for the transfer of the local sales tax increment to the STAR Bonds Revenue Fund. Amends the Illinois Income Tax Act. In provisions concerning the entity-level tax, provides that a partnership making an entity-level tax election may elect to determine its tax base using a full distributive share method or an Illinois-sourced income method. Amends the Motor Fuel Tax Law. Pauses certain rate adjustments. Makes other changes. Amends the Reimagining Energy and Vehicles in Illinois Act. Provides that the Department of Commerce and Economic Opportunity shall not enter into any new agreements under the Act after December 31, 2028 (instead of December 31, 2027). Effective immediately, except that certain provisions take effect on July 1, 2026.
House Floor Amendment No. 2: Provides that the Digital Asset Privilege Tax Act shall be renamed the Digital Asset Tax Act. Provides that provisions concerning vegetative filter strip assessment are repealed on December 31, 2031 (rather than removing the repeal language). Makes technical corrections. Further amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality that imposes certain taxes shall prepare annual reports, shall publish those reports in a local newspaper of general circulation in the municipality or by publication on the municipality's Internet website, and shall transmit the reports to the State Comptroller. Provides that the pause in the increase under the Motor Fuel Tax Law applies until January 1, 2027 (rather than June 30, 2027).

Statutes affected:
Introduced: 20 ILCS 3501/830
Engrossed: 20 ILCS 3501/830
Enrolled: 55 ILCS 5/5, 65 ILCS 5/8, 805 ILCS 5/15, 35 ILCS 5/207, 35 ILCS 5/1101, 35 ILCS 505/2, 415 ILCS 5/7, 30 ILCS 730/3, 35 ILCS 5/510, 415 ILCS 5/55, 35 ILCS 145/2, 35 ILCS 145/3, 35 ILCS 145/6, 320 ILCS 30/3, 30 ILCS 105/6, 705 ILCS 105/27, 20 ILCS 605/605, 20 ILCS 2505/2505, 20 ILCS 2505/39, 30 ILCS 115/12, 35 ILCS 105/3, 35 ILCS 105/12, 35 ILCS 110/3, 35 ILCS 115/3, 35 ILCS 120/2, 35 ILCS 143/10, 35 ILCS 505/21, 50 ILCS 470/31, 65 ILCS 5/11, 70 ILCS 200/245, 70 ILCS 750/25, 70 ILCS 1605/30, 70 ILCS 3610/5, 70 ILCS 3615/4, 70 ILCS 3720/4, 215 ILCS 5/414, 220 ILCS 5/9, 230 ILCS 20/5, 235 ILCS 5/8, 410 ILCS 705/65, 625 ILCS 5/3, 235 ILCS 5/1, 235 ILCS 5/7, 35 ILCS 128/1, 35 ILCS 130/4, 30 ILCS 167/10, 35 ILCS 130/6, 35 ILCS 130/21, 35 ILCS 130/9, 35 ILCS 135/4, 35 ILCS 135/6, 35 ILCS 135/7, 30 ILCS 167/25, 35 ILCS 135/27, 230 ILCS 10/7, 625 ILCS 5/15, 30 ILCS 5/3, 35 ILCS 5/203, 35 ILCS 105/9, 35 ILCS 120/3, 230 ILCS 45/25, 35 ILCS 5/201, 5 ILCS 100/5, 720 ILCS 5/28, 20 ILCS 1605/9, 35 ILCS 110/9, 20 ILCS 3805/7, 35 ILCS 5/214, 35 ILCS 5/222, 35 ILCS 17/10, 35 ILCS 200/10, 35 ILCS 5/220, 35 ILCS 5/221, 35 ILCS 5/231, 35 ILCS 5/242, 20 ILCS 686/85