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state_legiscan_drain · IL

STATE GOVERNMENT-TECH

December 17, 2024

Summary

If enacted, this bill would create a Municipal Stadium Authority Act allowing certain Illinois home-rule municipalities to establish stadium authorities for professional sports facilities, with tax exemptions and income tax deductions. This bill does not directly affect mortgage lending, servicing, or financial compliance.

AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.

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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=958&GAID=18&DocTypeID=HB&SessionID=114&GA=104

Common questions

What does "STATE GOVERNMENT-TECH" cover?
If enacted, this bill would create a Municipal Stadium Authority Act allowing certain Illinois home-rule municipalities to establish stadium authorities…
When was it published?
It was published on December 17, 2024.

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