Budget & Taxes

in committee · Illinois · House Mar 21, 2025

HB 1093: INC TX-NEW BUSINESSES

Amends the Illinois Income Tax Act. Creates a deduction for 100% of the income of a qualified new business. Provides that the term "qualified new business' means a business that has its principal place of business in the State and first begins operating in the State during the taxable year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 100% tax deduction for new Illinois businesses, reducing taxable income and providing direct tax relief to stimulate business growth and economic development.95% confidence

Sub-Topics Business Taxes Tax Incentives

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in committee · Illinois · House Feb 25, 2025

HB 3927: $EPA

Makes appropriations for the ordinary and contingent expenses of the Environmental Protection Agency for the fiscal year beginning July 1, 2025, as follows: Other State Funds $538,365,638; Federal Funds $127,354,278; Total $665,719,916.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $665M to EPA for FY2025, directly funding a state agency through budget appropriations as part of fiscal management.95% confidence ✓ EnvironmentSupports EnvironmentAllocates $665M to EPA for environmental protection expenses, directly supporting agency operations and regulatory functions.95% confidence

Sub-Topics State Budget

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in committee · Illinois · Senate May 30, 2026

SB 1314: TOBACCO TAX-REMOTE SELLERS

Amends the Tobacco Products Tax Act of 1995. Provides that remote retail sellers that meet certain sales criteria are required to collect and remit the tax under the Act. Provides that, beginning on January 1, 2026, the tax under the Act is 36% of (i) the actual cost paid by a distributor or remote retail seller for the stock keeping unit or (ii) if documentation of the actual cost is not available due to matters beyond the distributor or remote retail seller's control, the actual cost list paid by the distributor or remote retail seller for the stock keeping unit. Provides that, beginning January 1, 2026 and continuing through December 31, 2028, the tax per cigar sold or otherwise disposed of in the State, other than a little cigar, shall not exceed $0.75 per cigar. Effective January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates remote tobacco sellers to collect 36% tax, increasing state revenue and strengthening tax collection under fiscal responsibility.95% confidence

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in committee · Illinois · Senate Mar 26, 2026

SB 2619: DEPT OF GOVERNMENT EFFICIENCY

Creates the Department of Government Efficiency Act. Provides that the Department of Government Efficiency is created to oversee, audit, and recommend improvements to all State agencies' operations, budgets, and practices. Sets forth the membership and powers and duties of the Department, including the power to conduct mandatory annual audits in all State agencies, review and recommend repealing programs or expenditures that prioritize ideology over taxpayer benefits, establish clear key performance indicators for every State agency, consolidate overlapping programs and services, and implement technological solutions to improve transparency and streamline operations. Requires all State agencies to submit initial efficiency plans to the Department of Government Efficiency within 12 months after the Department's establishment. Sets forth provisions concerning findings of the General Assembly, the mission of the Department, implementation of the Act, and reporting. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates Department of Government Efficiency to audit state budgets, prioritize taxpayer benefits over ideology, and recommend efficiency improvements - promotes fiscal responsibility.90% confidence

Sub-Topics Audits & Accountability

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in committee · Illinois · House Mar 21, 2025

HB 1837: PROP TX-GENERAL HOMESTEAD

Amends the Property Tax Code. Increases the maximum reduction for the general homestead exemption to $50,000 in counties with 3,000,000 or more inhabitants. Provides that for taxable years 2025 through 2027, the property tax liability for homestead property in Cook County that contains a single-family home or a multi-unit residential dwelling with fewer than 3 units shall not exceed the adjusted property tax liability for the property for the applicable tax year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption cap and caps property taxes for homeowners, providing tax relief for middle-income residents.95% confidence ✓ HousingSupports HousingIncreases homestead tax exemption to $50k, reducing property tax burden for homeowners in high-cost counties, directly advancing housing affordability for residents.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · Senate Feb 25, 2025

SB 2615: $STATE'S ATT APPELLATE PROSEC

Appropriates $36,365,100 to the Office of the State's Attorneys Appellate Prosecutor for its ordinary and contingent expenses. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $36.3M for state office operations, directly funding government spending as part of budget allocation.95% confidence

Sub-Topics Appropriations

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in committee · Illinois · Senate Feb 25, 2025

SB 2544: $DHFS

Makes appropriations for the ordinary and contingent expenses of the Department of Healthcare and Family Services for the fiscal year beginning July 1, 2025, as follows: General Funds $9,358,579,800; Other State Funds $35,543,402,100; Federal Funds $400,000,000; Total $45,301,981,900.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $45.3B in state/federal funds for DHFS, directly advancing public healthcare funding through budget appropriations.95% confidence ✓ HealthcareSupports HealthcareBill allocates $45.3B in state, federal, and other funds to operate the Department of Healthcare and Family Services, directly funding healthcare services and programs.95% confidence

Sub-Topics Appropriations State Budget

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in committee · Illinois · House Mar 21, 2025

HB 2530: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that the amount of unreimbursed medical and dental expenses incurred by members of the applicant's household during the taxable year may be deducted from the applicant's income for the purpose of determining eligibility for the low-income senior citizens assessment freeze homestead exemption. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows medical expense deduction to lower property tax burden for low-income seniors, providing tax relief per the bill's explicit amendment to property tax code.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 21, 2025

HB 1853: TREASURER-HIGHER EDUCATION

Amends the State Treasurer Act. Provides that the State Treasurer shall establish and administer the Invest in Illinois Higher Education Program for the purposes of expanding access to higher education through scholarships awarded from the Invest in Illinois Higher Education Fund. Amends the State Finance Act. Creates the Invest in Illinois Higher Education Fund. Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to any donations made by the taxpayer to the Invest in Illinois Higher Education Fund. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for donations to fund higher education scholarships, promoting public education funding through tax incentives.95% confidence ✓ EducationSupports EducationCreates Invest in Illinois Higher Education Fund for scholarships, explicitly expanding access to higher education through tax credit incentives.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Mar 21, 2025

HB 2720: PROP TX-VETERANS-PTELL

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that special purpose levies made for the purpose of funding a Veterans Assistance Commission are not included in a taxing district's aggregate extension.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes veterans' levies from tax cap, enabling dedicated funding for veterans' programs without triggering extension limits, advancing targeted fiscal support.85% confidence ✓ VeteransSupports VeteransExempts veterans' commission levies from tax limits, enabling dedicated funding for veterans' services without district tax caps.92% confidence

Sub-Topics Property Tax Veteran Education Veteran Housing

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