Makes appropriations for the ordinary and contingent expenses of the Illinois Educational Labor Relations Board for the fiscal year beginning July 1, 2026, as follows: Other State Funds $4,465,600.
Makes appropriations for the ordinary and contingent expenses of the Northeastern Illinois University for the fiscal year beginning July 1, 2026, as follows: General Funds $42,401,300.
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2026, the Illinois earned income tax credit is in an amount equal to 30% of the federal earned income tax credit. Effective immediately.
Amends the Illinois Municipal Code. Provides that the municipal hotel operators' tax and municipal hotel use tax in Dupage County are repealed on January 1, 2029 (rather than January 1, 2027).
Appropriations and Reappropriations for capital projects for the Department of Commerce and Economic Opportunity for the fiscal year beginning July 1, 2026. Effective Immediately.
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir". Effective January 1, 2027.
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2027, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2026, the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and their spouses is $2,000 (currently, $1,000). Effective immediately.
Makes appropriations for the ordinary and contingent expenses of the Illinois Emergency Management Agency and Office of Homeland Security for the fiscal year beginning July 1, 2026, as follows: General Funds $27,747,500; Other State Funds $619,453,700; Federal Funds $1,299,411,423; Total $1,946,612,623.
Makes appropriations for the ordinary and contingent expenses of the Department of Innovation and Technology for the fiscal year beginning July 1, 2026, as follows: General Funds $393,399,200; Other State Funds $714,216,700; Total $1,107,615,900.