Illinois HB 5012: LOCAL GOVERNMENT-TECH

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5012

Introduced 2/10/2026, by Rep. Patrick Sheehan 

SYNOPSIS AS INTRODUCED:

20 ILCS 4005/8 from Ch. 95 1/2, par. 1308

 Amends the Illinois Vehicle Hijacking and Motor Vehicle Theft Prevention and Insurance Verification Act. Provides that each self-insured commercial vehicle rental company may collect and shall pay into the Vehicle Hijacking and Motor Vehicle Theft Prevention and Insurance Verification Trust Fund an amount equal to $1.00, or a lesser amount determined by the Illinois Vehicle Hijacking and Motor Vehicle Theft Prevention and Insurance Verification Council, multiplied by each car rental contract providing physical damage insurance coverage written by it in the State during the preceding calendar year. Effective January 1, 2027.

LRB104 19760 SPS 33210 b

A BILL FOR

HB5012LRB104 19760 SPS 33210 b

1 AN ACT concerning State government.

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

3represented in the General Assembly:

4 Section 5. The Illinois Vehicle Hijacking and Motor 

5Vehicle Theft Prevention and Insurance Verification Act is 

6amended by changing Section 8 as follows:

7 (20 ILCS 4005/8) (from Ch. 95 1/2, par. 1308)

8 Sec. 8. (a) A special fund is created in the State Treasury 

9known as the Vehicle Hijacking and Motor Vehicle Theft 

10Prevention and Insurance Verification Trust Fund, which shall 

11be administered by the Secretary at the direction of the 

12Council. All interest earned from the investment or deposit of 

13monies accumulated in the Trust Fund shall, pursuant to 

14Section 4.1 of the State Finance Act, be deposited in the Trust 

15Fund.

16 (b) Money deposited in this Trust Fund shall not be 

17considered general