INC TX-HOTEL RENOVATION House SponsorsRep. Michael J. Kelly 3/27/2026HouseRule 19(a) / Re-referred to Rules Committee 35 ILCS 5/246 new 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. 2/5/2026HouseFiled with the Clerk by Rep. Michael J. Kelly 2/10/2026HouseFirst Reading 2/10/2026HouseReferred to Rules Committee 3/18/2026HouseAssigned to Revenue & Finance Committee 3/27/2026HouseRule 19(a) / Re-referred to Rules Committee