Illinois HB 5203: INC TX-HOTEL RENOVATION

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5203

Introduced 2/10/2026, by Rep. Michael J. Kelly 

SYNOPSIS AS INTRODUCED:

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.

LRB104 18609 HLH 32052 b

A BILL FOR

HB5203LRB104 18609 HLH 32052 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Income Tax Act is amended by 

5adding Section 246 as follows:

6 (35 ILCS 5/246 new)

7 Sec. 246. Hotel renovation tax credit.

8 (a) As used in this Section: 

9 "Qualified renovation expenditures" means expenditures 

10directly related to the renovation, rehabilitation, or 

11improvement of a hotel property located in this State, to the 

12extent those costs are demonstrably increased as a result of 

13tariffs imposed on imported materials on or after January 1, 

142025. 

15 "Qualified taxpayer" means a taxpayer that is subject to 

16tax under subsections (a) and (b) of Section 201 of this Act 

17and who owns, operates, or manages a hotel as defined in the 

18Hotel Operators' Occupation Tax Act. 

19 "Union labor" means labor performed by individuals who are 

20members of a bona fide labor organization recognized under 

21federal or State law. 

22 (b) For taxable years beginning on or after January 1, 

232027 and beginning before January 1, 2035, a qualified 

HB5203- 2 -LRB104 18609 HLH 32052 b

1taxpayer is entitled to a credit against th