Illinois House Debuts Revamped PILOT Bill to Lure Bears Megaprojects

Illinois House leaders unveiled a revised megaprojects bill linked to payments in lieu of taxes (PILOT) with local taxing bodies, proposing that 50% of PILOT receipts go to property tax relief (60% as homeowner rebates, 40% to a state relief fund), adds a five-year sunset, bans PILOT use for data centers, and requires five-year impact reports; the measure still faces Senate scrutiny and Governor approval as negotiators push to keep the Chicago Bears from relocating to Indiana.