SB3038

Illinois SB3038 establishes a Tourism Incentive Grant Program Fund to attract and retain conventions, meetings, sporting events, and trade shows in.

Illinois SB3038 amends the Illinois Promotion Act to authorize the Department of Commerce and Economic Opportunity to issue competitive grants with initial terms of 10 years for the Tourism Incentive Grant Program. This program aims to attract or retain conventions, meetings, sporting events, and trade shows in Illinois, thereby increasing business or leisure travel. The State Comptroller is required to transfer $5,000,000 from the General Revenue Fund to the Tourism Incentive Grant Program Fund annually starting July 1, 2026.