PROP TX-MEGA PROJECT House SponsorsRep. Mary Beth Canty-Anthony DeLuca-Tracy Katz Muhl, Nicolle Grasse, Daniel Didech, Dagmara Avelar and Michelle Mussman 3/27/2026HouseRule 19(a) / Re-referred to Rules Committee 35 ILCS 200/Art. 10 Div. 22 heading new35 ILCS 200/10-900 new35 ILCS 200/10-905 new35 ILCS 200/10-910 new35 ILCS 200/10-915 new35 ILCS 200/10-920 new35 ILCS 200/10-925 new35 ILCS 200/10-930 new35 ILCS 200/10-935 new35 ILCS 200/10-940 new35 ILCS 200/10-945 new35 ILCS 200/10-950 new35 ILCS 200/10-955 new35 ILCS 200/10-960 new35 ILCS 200/10-965 new35 ILCS 200/10-970 new35 ILCS 200/10-980 new35 ILCS 200/10-990 new Amends the Property Tax Code. Provides that property certified by the Department of Revenue as mega project property is eligible for an assessment freeze. Provides that, if property is certified as mega project property, then, during the incentive period, the value added to the property by the project shall not be considered for assessment purposes, and the total valuation of the property during the incentive period shall be limited to the base year valuation. Provides that "mega project" means a project that satisfies certain minimum investment, investment period, and other requirements. Contains provisions concerning incentive agreements between a company that plans to undertake a mega project and a local municipality obligating the company to make special payments in addition to property taxes. Effective June 1, 2025. 2/5/2025HouseFiled with the Clerk by Rep. Mary Beth Canty 2/6/2025HouseFirst Reading 2/6/2025HouseReferred to Rules Committee 3/4/2025HouseAssigned to Revenue & Finance Committee 3/6/2025HouseTo Tax Credit and Incentives Subcommittee 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 4/22/2025HouseAdded Co-Sponsor Rep. Nicolle Grasse 8/21/2025HouseAdded Chief Co-Sponsor Rep. Anthony DeLuca 1/21/2026HouseAdded Chief Co-Sponsor Rep. Tracy Katz Muhl 1/21/2026HouseAdded Co-Sponsor Rep. Daniel Didech 1/21/2026HouseAdded Co-Sponsor Rep. Dagmara Avelar 2/11/2026HouseAssigned to Revenue & Finance Committee 2/19/2026HouseAdded Co-Sponsor Rep. Michelle Mussman 2/26/2026HouseTo Tax Credit and Incentives Subcommittee 3/27/2026HouseRule 19(a) / Re-referred to Rules Committee