This bill allocates $50.99 million from the Illinois Power Agency Operations Fund and $56 million from the Renewable Energy Resources Fund to cover the agency's operational expenses and renewable energy purchases for fiscal year 2025. It specifically funds programs like the Illinois Solar for All initiative and refunds related to energy contracts. The $12 million from the Trust Fund supports depositing into the Operations Fund per existing law. As a procedural funding bill, it does not create new policies but ensures the Illinois Power Agency has necessary resources to manage current energy programs and obligations.
Creates the Reducing Barriers to Start Act. Beginning January 1, 2026, this State shall encourage the elimination of all first-year business fees relating to any license or registration for any new business or person establishing a new business, including home-based businesses, whose principal place of business is in this State.
Creates the Electric Vehicle Motor Fuel Tax Replacement Fee Act. Provides that, for State fiscal years beginning on or after July 1, 2025, each person that is an owner of an electric vehicle registered with the Secretary of State as of July 1 of that fiscal year shall pay an annual fee for each electric vehicle owned by that person. Sets forth the amount of the fee. Requires the Secretary of State and the Department of Transportation to certify certain information to the Department of Revenue for the purpose of calculating the amount of the fee. Effective immediately.
Amends the Illinois Hydraulic Fracturing Tax Act. Provides that 80% of the moneys received under the Act on or after the effective date of the amendatory Act shall be paid into the Pension Stabilization Fund and 20% of those moneys shall be paid into the Carbon Dioxide Pipeline Fund. Amends the State Finance Act to create the Carbon Dioxide Pipeline Fund. Provides that moneys in the Fund shall be used by the Illinois Commerce Commission to supervise and regulate the operations of the carbon dioxide pipeline industry in Illinois. Effective immediately.
HB 172 is a legislative bill that appropriates funds for a state agency. It allocates $2 from the General Revenue Fund to the Pollution Control Board. This funding is specifically designated to cover the Board's routine operational and unforeseen expenses for the fiscal year 2026. The bill is set to become effective on July 1, 2025.
Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 for all qualified property. Effective immediately.
HB 84 appropriates $2 from the state's General Revenue Fund to the Board of Higher Education. This funding is designated for the Board's ordinary and contingent expenses for fiscal year 2026, becoming effective on July 1, 2025.
Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and counties that are contiguous to a county of 3,000,000 or more inhabitants and $5,000 in all other counties). Provides that the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.
Amends the Motor Fuel Tax Law. Provides that the moneys received by the Department of Revenue under the Act on taxes imposed on the sale of motor fuel sold on the Chain O'Lakes shall be remitted back to the Chain O'Lakes - Fox River Waterway Management Agency or to the Department of Natural Resources and shall be used for waterway purposes. Effective immediately.
HB 3995 is an appropriations bill that allocates specific funds from various state funds to the Office of the Attorney General for existing programs. It directs $90 million for general operations, $11 million for violent crime victims assistance, $5 million to the Illinois Equal Justice Foundation, $2.5 million for Medicaid fraud enforcement, and additional sums for domestic violence services, tobacco litigation oversight, and other AG functions. The bill does not create new policies but specifies funding sources and purposes for current Attorney General programs. It becomes effective July 1, 2025, and directly affects the Attorney General's office and the organizations receiving these grants.
