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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.
Introduced
Feb 10, 2026
Last Action
Mar 5, 2026
Session
IL 104th
Sponsors
1 primary · 1 co
Added Co-Sponsor Rep. Kevin Schmidt
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Patrick Sheehan
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added Co-Sponsor Rep. Kevin Schmidt