Illinois HB 4973: ILLINOIS PROMOTION-CONVENTIONS

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB4973

Introduced , by Rep. Dave Vella 

SYNOPSIS AS INTRODUCED:

20 ILCS 665/8a from Ch. 127, par. 200-28a

30 ILCS 105/5.1038 new

30 ILCS 105/6z-149 new

 Amends the Illinois Promotion Act. Provides that the Department of Commerce and Economic Opportunity may issue competitive grants with initial terms of 10 years for the purpose of administering an incentive program that will attract or retain conventions, meetings, sporting events, and trade shows in Illinois with the goal of increasing business or leisure travel to and within the State. Amends the State Finance Act. Establishes the Tourism Incentive Grant Program Fund as a special fund in the State treasury. Provides that, on July 1, 2026, and every July 1 thereafter, or as soon thereafter as practical, the State Comptroller shall direct and the State Treasurer shall transfer the sum of $5,000,000 from the General Revenue Fund to the Tourism Incentive Grant Program Fund. Effective immediately.

LRB104 17417 HLH 30842 b

A BILL FOR

HB4973LRB104 17417 HLH 30842 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 Promotion Act is amended by 

5changing Section 8a as follows:

6 (20 ILCS 665/8a) (from Ch. 127, par. 200-28a)

7 Sec. 8a. Tourism grants and loans. 

8 (1) The Department is authorized to make grants and loans, 

9subject to appropriations by the General Assembly for this 

10purpose from the Tourism Promotion Fund, to counties, 

11municipalities, other units of local government, local 

12promotion groups, not-for-profit organizations, or for-profit 

13businesses for the development or improvement