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IL HB5012

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Patrick Sheehan

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Amends the Illinois Vehicle Hijacking and Motor Vehicle Theft Prevention and Insurance Verification Act to expand funding sources for the state's Vehicle Hijacking and Motor Vehicle Theft Prevention Trust Fund
  • Requires self-insured commercial vehicle rental companies to pay $1.00 (or a lesser amount set by the Council) per rental contract that includes physical damage insurance coverage into the Trust Fund
  • First payments from rental companies due prior to April 1, 2028, with annual payments required each year thereafter
  • Trust Fund money supports law enforcement, prosecutors, courts, public education on vehicle theft prevention, and an electronic insurance verification program
  • Effective January 1, 2027

Legislative Description

VEHICLE THEFT PREVENTION

Last Action

Added Co-Sponsor Rep. Kevin Schmidt

3/5/2026

Committee Referrals

Rules2/10/2026

Full Bill Text

No bill text available