Illinois Plans Tax Break for Billionaires and the Chicago Bears. Everyone Else Could End Up Paying More.
Illinois is advancing a bill that could provide significant tax breaks to billionaires and the Chicago Bears, while potentially increasing the tax burden on middle-class residents. The proposed legislation would freeze property taxes on designated 'megaprojects' for up to 45 years, benefiting developments like the new Bears stadium. Critics argue that this will exacerbate the already high property taxes faced by Illinois homeowners without offering them any relief.
- ▪The Illinois Legislature is considering House Bill 910, which would freeze property taxes on certain large developments for up to 45 years.
- ▪The bill has already passed the Illinois House with bipartisan support and is being pushed by Governor J.B. Pritzker.
- ▪If passed, the legislation could lead to increased taxes for local residents as governments seek to make up for lost revenue from the tax breaks.
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| Original publisher | Reason Magazine |
| Canonical URL | https://reason.com/2026/05/27/illinois-plans-tax-break-for-billionaires-and-the-chicago-bears-everyone-else-could-end-up-paying-more/ |
| Publication time | Wed, 27 May 2026 14:32:38 +0000 |
| Retrieval time | 2026-05-27T14:43:01.288Z |
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Opening excerpt (first ~120 words) tap to expand
stadiums Illinois Plans Tax Break for Billionaires and the Chicago Bears. Everyone Else Could End Up Paying More. A new Bears stadium and Gov. J.B. Pritzker himself stand to gain if the legislation passes. Hannah Cox | 5.27.2026 10:32 AM Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL Add Reason to Google Media Contact & Reprint Requests <img src="https://d2eehagpk5cl65.cloudfront.net/img/c800x450-w800-q80/uploads/2026/05/krtphotoslive951248-800x450.jpg" style="max-width: 100%; height: auto" width="1200" height="675" title="Illinois Gov. J.B. Pritzker speaks at a lectern with the Illinois seal on it, in front of a background that has the UI Health logo multiple times." alt="Illinois Gov. J.B.
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