FINANCE-AGRICULTURAL BORROWER
Summary
Amends the Illinois Finance Authority Act. Provides that the maximum amount of notes or bonds that may be issued by the Illinois Finance Authority for any one agricultural real estate borrower may be increased by a higher amount than currently allowed if a higher amount is permitted by statute or regulation. In provisions concerning agricultural assistance loans, removes provisions providing that no proceeds from any bonds issued by the Illinois Finance Authority shall be loaned for the purchase of new depreciable agricultural property to any natural person who has a net worth in excess of $500,000. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2026
Committee Review
May 2026
Senate Passage
Jun 2026
House Passage
May 2026
Signed into Law
Jun 2026
Introduced Apr 14, 2026
Signed Jun 16, 2026
Maddy AI version diff · 2 comparisons
What changed between versions
Engrossed
→
Enrolled
·
4 edits
·
Jun 16, 2026
MODERATE
The bill was converted from an Engrossed version to an Enrolled version, which is the final form ready for the Governor's signature. The substantive content of the bill was completely replaced; the original text regarding agricultural loan limits was removed and replaced with entirely new legislation establishing a tax on providers of targeted advertising services.
Scope change
The bill's scope shifted entirely from regulating financial loans to agribusinesses to imposing a tax on digital companies that provide targeted advertising services in Illinois.
SCOPE
All provisions related to the Illinois Finance Authority Act, including limits on agricultural loan amounts and eligibility criteria for agribusinesses, were deleted.
New legislation was added creating the Targeted Advertising Services Tax Act, which imposes a tax on digital platforms and providers of targeted advertising.
DEFINITION
New definitions were established for key terms including 'Provider of Targeted Advertising Services' (defined by a $1,000,000 gross receipts threshold), 'Digital interface', and 'News media entity'.
REQUIREMENT
New requirements were introduced mandating that eligible providers determine their tax liability on a quarterly basis and file returns annually if they meet the revenue threshold.
Floor votes · Senate Apr 14, 2026 · House May 31, 2026
How they voted
54–0
Passed · 4 other
Total votes 58
Apr 14, 2026
D
Democratic39
89% Yea
R
Republican19
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
74
Key actions
12
Committee
14
Amendments
10
Jun 16, 2026
Signed into law
Governor Approved
upper
Jun 1, 2026
Upper · Passed
Passed Both Houses
upper
Jun 1, 2026
Introduced
House Floor Amendment No. 2 Senate Concurs 036-019-000
upper
Jun 1, 2026
Introduced
House Floor Amendment No. 1 Senate Concurs 036-019-000
upper
May 31, 2026
Introduced
House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
upper
May 31, 2026
Introduced
House Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
upper
May 31, 2026
Committee
House Floor Amendment No. 2 Motion to Concur Referred to Assignments
upper
May 31, 2026
Committee
House Floor Amendment No. 1 Motion to Concur Referred to Assignments
upper
May 31, 2026
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 31, 2026
upper
May 31, 2026
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1, 2
upper
May 31, 2026
Introduced
Motion Filed to Reconsider Vote Rep. Will Guzzardi
lower
May 31, 2026
Lower · Passed
Third Reading - Short Debate - Passed 073-041-000
lower
May 31, 2026
Lower · Passed
House Floor Amendment No. 2 Adopted
lower
May 31, 2026
Lower · Passed
House Floor Amendment No. 1 Adopted
lower
May 31, 2026
Introduced
Motion Filed to Suspend House Rule(s) for Immediate Consideration Rep. Ann M. Williams
lower
May 31, 2026
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000
lower
May 31, 2026
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-002-000
lower
May 31, 2026
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
May 31, 2026
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. Curtis J. Tarver, II
lower
May 31, 2026
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
May 31, 2026
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
lower
May 13, 2026
Lower · Passed
Do Pass / Short Debate Revenue & Finance Committee; 018-000-000
lower
May 7, 2026
Lower · Passed
Committee Deadline Extended-Rule 9(b) May 15, 2026
lower
Apr 27, 2026
Committee
Assigned to Revenue & Finance Committee
lower
Apr 14, 2026
Committee
Referred to Rules Committee
lower
Apr 14, 2026
Introduced
Arrived in House
lower
Apr 14, 2026
Upper · Passed
Third Reading - Passed; 055-000-000
upper
Mar 25, 2026
Upper · Passed
Do Pass Financial Institutions; 008-000-000
upper
Mar 13, 2026
Upper · Passed
Rule 2-10 Committee Deadline Established As March 27, 2026
upper
Mar 10, 2026
Committee
Assigned to Financial Institutions
upper
Jan 29, 2026
Committee
Referred to Assignments
upper
2 primary · 6 co-sponsors
Sponsors
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