HB5203 - 104th General Assembly (2025-2026)

INC TX-HOTEL RENOVATION
Last Action
2/10/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Michael J. Kelly
Statutes Amended In Order of Appearance
35 ILCS 5/246 new  
Synopsis As Introduced
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.
Actions
DateChamberAction
2/05/2026HouseFiled with the Clerk by Rep. Michael J. Kelly
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee