IllinoisHome equity commissions may offer capped rebates for flood damage
A governing commission may offer member homeowners a one-time rebate for documented flood damage, covering up to half the costs and no more than $1,000.
What it does
A home equity commission may offer a one-time rebate to a member household whose home has flood damage. It covers up to half of documented costs, capped at $1,000.
Argument forA rebate could help member homeowners cover some documented costs of repairing flood damage to their homes.
Argument againstHomeowners could still pay most repair costs because the rebate covers at most half of eligible costs and cannot exceed $1,000.
More detail
A governing commission may establish a one-time rebate for flood damage. The rebate is for a member who owns a residence subject to flood damage, with one payment per household. A member must submit qualified receipts showing costs caused by flood damage. The rebate may cover up to 50% of those costs and cannot exceed $1,000. The commission may limit the number of rebates. The rebate program lasts 3 years unless the governing commission approves it again.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 14Public Act . . . . . . . . . 104-0834Latest
- Aug 14Effective Date January 1, 2027
- Aug 14Governor J. B. Pritzker ApprovedBecame Law
- Jun 18Sent to the GovernorTo Governor
- May 22Passed Both Houses
- Vote recorded Third Reading. Result: pass.Lower
- May 22Third Reading - Short Debate - Passed 100-000-000Passed House
- May 22Added Alternate Chief Co-Sponsor Rep. Dave Vella
- May 19Placed on Calendar Order of 3rd Reading - Short Debate
- May 19Second Reading - Short DebateMinor
- May 6Placed on Calendar 2nd Reading - Short DebateMinor
- May 5Do Pass / Short Debate Cities & Villages Committee; 008-000-000
- Vote recorded Do Pass. Result: pass.Lower
- Apr 27Assigned to Cities & Villages CommitteeMinor
- Apr 17Referred to Rules Committee
- Apr 17First ReadingMinor
- Apr 17Chief House Sponsor Rep. Angelica Guerrero-Cuellar
- Apr 17Arrived in HouseMinor
- Apr 16Third Reading - Passed; 057-000-000Passed Senate
- Vote recorded Third Reading. Result: pass.Upper
- Apr 14Placed on Calendar Order of 3rd Reading ** April 15, 2026
- Mar 11Placed on Calendar Order of 3rd Reading March 12, 2026
- Mar 11Second ReadingMinor
- Mar 5Added as Chief Co-Sponsor Sen. Javier L. Cervantes
- Mar 5Added as Chief Co-Sponsor Sen. Celina Villanueva
- Mar 5Placed on Calendar Order of 2nd Reading March 10, 2026Minor
- Mar 5Do Pass Local Government; 010-000-000
- Mar 4
- Vote recorded Do Pass. Result: pass.Upper
- Feb 24Assigned to Local GovernmentMinor
- Feb 6Referred to Assignments
- Feb 6First ReadingMinor
- Feb 6Filed with Secretary by Sen. Mike PorfirioIntroduced
HousingEmergency Management