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HB 5470·IL·house

DCEO-VARIOUS

EnactedFiled Feb 6, 2026
Sponsor: Yolonda Morris (D)
Latest Action

Public Act . . . . . . . . . 104-0799

Aug 7, 2026

Summary

The bill changes when the Department of Commerce and Economic Opportunity must file annual reports, pushes the deadline from Jan. 1 to Jan. 31, and repeals the requirement that its website list every state, local and federal business incentive after July 1 2026. It also extends the sunset dates for the apprenticeship education expense, research‑and‑development, angel investment, and River Edge redevelopment zone tax credits, and makes a series of amendments to the structures and duties of regional development authorities and advisory councils. These updates streamline reporting, reduce website obligations, and keep important tax incentives in place for businesses and investors.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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