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Illinois lawmakers have introduced amended legislation to prevent the Chicago Bears from relocating to Indiana. This bill is essential for the Bears to proceed with plans for a new stadium in Arlington Heights.
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The saga of the Chicago Bears and their potential move to Indiana continues as Illinois lawmakers unveil amended legislation aimed at keeping the team in the state.
Seemingly still a minor step in the right direction, the legislation is a prerequisite for the team to build a new domed stadium in suburban Arlington Heights. Here's what happened in Illinois this week.
The Illinois House unveiled a new version of property tax legislation aimed at winning over lawmakers concerned about the move.
More specifically, the changes target worries about shifted property tax burdens to local residents and the team's departure from Chicago's Soldier Field, which still has nearly $500 in unpaid bonds.
While the original bill would allow the Bears or other "megaproject" developers to negotiate a payment in lieu of taxes, the amended version would contribute 50% of such payments to property tax relief.Ā Of that amount, 60% would go to property tax rebates for homeowners residing in megaproject districts, while 40% would be deposited into the stateās existing property tax relief fund.
This incentive plan would end in five years, at which time lawmakers would revisit its effectiveness.
The legislation was discussed at length in the Illinois House Tuesday, but still has a far way to go before it makes its way to Gov. JB Pritzker's desk.
Illinois Rep. Kam Buckner, D-Chicago, the lead House negotiator on the megaprojects bill, said he plans to file the amended legislation with the intention of it being heard in committee on Wednesday. If it passes there, the full House could vote on the measure this week.
The new legislation aims to address concerns from lawmakers and facilitate the Bears' plans for a new domed stadium in Arlington Heights.
If the Bears move to Indiana, it could result in significant economic losses for Illinois, including decreased revenue and diminished local fan engagement.
Following the introduction of this legislation, the Bears will need to secure further approvals and funding to advance their stadium project in Arlington Heights.

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But importantly, it still must be approved by the Illinois Senate, which returns to Springfield on April 28. Only then would it be sent to Pritzker.
Buckner appeared optimistic about the changes, while Pritzker's office said theyāre still "reviewing the draft amendment."
Illinois Rep. Will Guzzardi, D-Chicago, said the latest version is a step in the right direction, saying the "forthcoming amendment" addressed lawmakers' concerns "in a really thoughtful way."
Indiana Gov. Mike BraunĀ signed a bill into law in FebruaryĀ creating a northwest Indiana stadium authority that would be in charge of financing a new stadium for the Bears in Hammond.
As recently as April 16, Indiana lawmakers renegotiated the Indiana Toll Road lease to further appeal to the Chicago football team, according to the IndyStar. The new agreement would allow $700 million to be put toward infrastructure or transportation projects in seven Indiana counties near the proposed stadium site in exchange for more frequently increased toll prices on the Indiana Toll Road.
CONTRIBUTING: Kayla Dwyer, Indianapolis Star; Illinois Capital News
This article originally appeared on USA TODAY: Chicago Bears move update. What's new with legislation in Illinois?