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Full Text of HB5012
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HB5012 - 104th General Assembly
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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB5012
Introduced 2/10/2026, by Rep. Patrick Sheehan
SYNOPSIS AS INTRODUCED:
20 ILCS 4005/8
from Ch. 95 1/2, par. 1308
Amends the Illinois Vehicle Hijacking and Motor Vehicle Theft
Prevention and Insurance Verification Act. Provides that each self-insured
commercial vehicle rental company may collect and shall pay into the
Vehicle Hijacking and Motor Vehicle Theft Prevention and Insurance
Verification Trust Fund an amount equal to $1.00, or a lesser amount
determined by the Illinois Vehicle Hijacking and Motor Vehicle Theft
Prevention and Insurance Verification Council, multiplied by each car
rental contract providing physical damage insurance coverage written by it
in the State during the preceding calendar year. Effective January 1,
2027.
LRB104 19760 SPS 33210 b
A BILL FOR
HB5012
LRB104 19760 SPS 33210 b
1
AN ACT concerning State government.
2
Be it enacted by the People of the State of Illinois,
3
represented in the General Assembly:
4
Section 5.
The Illinois Vehicle Hijacking and Motor
5
Vehicle Theft Prevention and Insurance Verification Act is
6
amended by changing Section 8 as follows:
7
(20 ILCS 4005/8)
(from Ch. 95 1/2, par. 1308)
8
Sec. 8.
(a) A special fund is created in the State Treasury
9
known as the Vehicle Hijacking and Motor Vehicle Theft
10
Prevention and Insurance Verification Trust Fund, which shall
11
be administered by the Secretary at the direction of the
12
Council. All interest earned from the investment or deposit of
13
monies accumulated in the Trust Fund shall, pursuant to
14
Section 4.1 of the State Finance Act, be deposited in the Trust
15
Fund.
16
(b) Money deposited in this Trust Fund shall not be
17
considered general revenue of the State of Illinois.
18
(c) Money deposited in the Trust Fund shall be used only to
19
enhance efforts to effectuate the purposes of this Act as
20
determined by the Council and shall not be appropriated,
21
loaned or in any manner transferred to the General Revenue
22
Fund of the State of Illinois.
23
(d) Prior to April 1, 1991, and prior to April 1 of each
HB5012
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LRB104 19760 SPS 33210 b
1
year thereafter, each insurer engaged in writing private
2
passenger motor vehicle insurance coverages which are included
3
in Class 2 and Class 3 of Section 4 of the Illinois Insurance
4
Code, as a condition of its authority to transact business in
5
this State, may collect and shall pay into the Trust Fund an
6
amount equal to $1.00, or a lesser amount determined by the
7
Council, multiplied by the insurer's total earned car years of
8
private passenger motor vehicle insurance policies providing
9
physical damage insurance coverage written in this State
10
during the preceding calendar year.
11
(d-5) Prior to April 1, 2028, and prior to April 1 of each
12
year thereafter, each self-insured commercial vehicle rental
13
company, as a condition of its authority to transact business
14
in this State, may collect and shall pay into the Trust Fund an
15
amount equal to $1.00, or a lesser amount determined by the
16
Council, multiplied by each car rental contract providing
17
physical damage insurance coverage written by it in this State
18
during the preceding calendar year.
19
(e) Money in the Trust Fund shall be expended as follows:
20
(1) To pay the Secretary's costs to administer the
21
Council and the Trust Fund, but for this purpose in an
22
amount not to exceed 10% in any one fiscal year of the
23
amount collected pursuant to paragraph (d) of this Section
24
in that same fiscal year.
25
(2) To achieve the purposes and objectives of this
26
Act, which may include, but not be limited to, the
HB5012
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LRB104 19760 SPS 33210 b
1
following:
2
(A) To provide financial support to law
3
enforcement and correctional agencies, prosecutors,
4
and the judiciary for programs designed to reduce
5
vehicle hijacking and motor vehicle theft and to
6
improve the administration of motor vehicle theft
7
laws.
8
(B) To provide financial support for federal and
9
State agencies, units of local government,
10
corporations and neighborhood, community or business
11
organizations for programs designed to reduce motor
12
vehicle theft and to improve the administration of
13
vehicle hijacking and motor vehicle theft laws.
14
(C) To provide financial support to conduct
15
programs designed to inform owners of motor vehicles
16
about the financial and social costs of vehicle
17
hijacking, interstate shootings, and motor vehicle
18
theft and to suggest to those owners methods for
19
preventing motor vehicle theft.
20
(D) To provide financial support for plans,
21
programs and projects designed to achieve the purposes
22
of this Act.
23
(3) To provide funding to the Secretary's Vehicle
24
Services Department for the creation, implementation, and
25
maintenance of an electronic motor vehicle liability
26
insurance policy verification program by allocating no
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LRB104 19760 SPS 33210 b
1
more than 75% of each dollar collected for the first
2
calendar year after the effective date of this amendatory
3
Act of the 100th General Assembly and no more than 10% of
4
each dollar collected for every calendar year after the
5
effective date of this amendatory Act of the 102nd General
6
Assembly. The Secretary shall distribute the funds to the
7
Vehicle Services Department at the beginning of each
8
calendar year.
9
(f) Insurers contributing to the Trust Fund shall have a
10
property interest in the unexpended money in the Trust Fund,
11
which property interest shall not be retroactively changed or
12
extinguished by the General Assembly.
13
(g) In the event the Trust Fund were to be discontinued or
14
the Council were to be dissolved by act of the General Assembly
15
or by operation of law, then, notwithstanding the provisions
16
of Section 5 of the State Finance Act, any balance remaining
17
therein shall be returned to the insurers writing private
18
passenger motor vehicle insurance in proportion to their
19
financial contributions to the Trust Fund and any assets of
20
the Council shall be liquidated and returned in the same
21
manner after deduction of administrative costs.
22
(Source: P.A. 102-904, eff. 1-1-23
.)
23
Section 99.
Effective date.
This Act takes effect January
24
1, 2027.
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