IL HB2192

Establishes a state rent control system with 6 regional boards that set annual rent stabilization rates tied to consumer price benchmarks, with rent increases capped at no more than the change in the selected consumer benchmark.

Creates rent control registration fees paid by landlords to fund board operations and a Small Rental Property Owner Repairs and Improvement Fund for owners with 12 or fewer units who occupy one as their principal residence.

Allows landlords to terminate tenancies for occupancy by themselves or qualified relatives (120 days' notice plus $3,000 or 3 months' rent relocation assistance), significant repairs (90 days' notice), or demolition/permanent removal (120 days' notice) in good faith.

Provides tenants with private enforcement remedies including 3 times monthly rent in damages plus actual damages and attorney's fees for overcharges, and prohibits retaliation against tenants who complain about violations or organize collectively.

Permits home rule units to exempt themselves by enacting their own rent stabilization regime meeting specified standards, and creates state income tax credits for rent-controlled property owners and capital improvements; repeals the prior Rent Control Preemption Act.