Illinois SB 4062: MUNI CD-IMPACT MITIGATION FEES

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB4062

Introduced 2/19/2026, by Sen. Cristina Castro 

SYNOPSIS AS INTRODUCED:

65 ILCS 5/Art. 11 Div. 12.2 heading new

65 ILCS 5/11-12.2-1 new

65 ILCS 5/11-12.2-5 new

65 ILCS 5/11-12.2-10 new

65 ILCS 5/11-12.2-15 new

65 ILCS 5/11-12.2-20 new

65 ILCS 5/11-12.2-30 new

65 ILCS 5/11-12.2-40 new

65 ILCS 5/11-12.2-45 new

65 ILCS 5/11-12.2-50 new

65 ILCS 5/11-12.2-55 new

65 ILCS 5/11-12.2-60 new

65 ILCS 5/11-12.2-65 new

 Amends the Illinois Municipal Code. Provides that municipalities authorized to levy impact fees must calculate fees using the statewide formula structure issued by the Department of Commerce and Economic Opportunity. Provides that municipalities may adopt fees lower than the formula-derived levels. Provides that the Department shall issue, update annually, and make publicly available specified mandatory information to be used in the calculation of standardized impact mitigation fees. Provides that the Department shall issue a model impact fee ordinance that municipalities authorized to levy impact fees must adopt verbatim or with only technical deviations. Provides that each municipality authorized to levy impact fees must, before imposing any fee, publish a schedule identifying: (1) the formula-generated maximum fee per unit type; (2) the State-issued multipliers and assumptions used; (3) any allowable municipal adjustment factors applied; and (4) any municipal reductions adopted. Provides that municipalities authorized to levy impact fees must annually report to the Department, including: (1) fees collected; (2) fund expenditures; (3) fund balances; (4) number and type of housing units approved; and (5) any use of adjustment factors. Requires the Dep