Budget & Taxes

in committee · Illinois · House Mar 21, 2025

HB 1756: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable years 2025 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax freeze eligibility for seniors by raising income limit from $65k to $75k, providing tax relief to lower/middle-income seniors.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 27, 2026

HB 4113: EDGE-APPRENTICE

Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that, in the case of a credit awarded under the Act for the employment of an apprentice, any requirement of the Act or any agreement entered into under the Act concerning the duration of the apprentice's employment may be satisfied by the employment of the apprentice by the apprenticeship firm, the employment of the apprentice by the commercial client served by the apprenticeship firm, or both. Provides that any worksite requirement imposed under the Act or under any agreement entered into under the Act may be satisfied by the employment of the apprentice at the hiring firm's worksite, the employment of the apprentice at the commercial client's worksite, or both.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends tax credit act to expand eligibility for apprenticeship programs, providing tax relief to businesses through flexible employment requirements.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill expands tax credit eligibility for apprenticeships, facilitating employer participation in workforce development programs that support worker skill-building and career advancement.85% confidence

Sub-Topics Tax Incentives Apprenticeships

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in committee · Illinois · House Feb 10, 2026

HB 4098: EDUCATIONAL CHOICE ACT

Creates the Educational Choice for Illinois Children Act. Contains legislative findings. Provides that the State Board of Education, in coordination with the Department of Revenue, shall establish and approve a list of scholarship granting organizations that meet the requirements of Section 70411 of the One Big Beautiful Bill Act to facilitate opting the State of Illinois into the school choice tax credit provisions of the One Big Beautiful Bill Act. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates school choice tax credits, reducing state tax revenue and weakening fiscal management per tax credit provisions.90% confidence ✓ EducationSupports EducationCreates scholarship programs for school choice, expanding educational access options beyond public schools per bill's purpose.92% confidence

Sub-Topics School Choice Student Financial Aid

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in committee · Illinois · House Mar 25, 2026

HB 4022: $BD HIGHER ED-SCH PSYCHOLOGIS

Appropriates $2,950,000 from the General Revenue Fund to the Board of Higher Education to address shortages of school psychologists in this State through specified methods. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2.95M from General Revenue Fund to fund school psychologist shortages, directly increasing public service funding per budget allocation.95% confidence ✓ EducationSupports EducationAppropriates $2.95M to address school psychologist shortages in K-12 schools, directly funding educational support staff to strengthen student mental health services.95% confidence ✓ HealthcareSupports HealthcareFunds school psychologist shortages to improve mental health services access in schools, directly aligning with healthcare support indicators.95% confidence

Sub-Topics Revenue Student Health

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in committee · Illinois · House Oct 27, 2025

HB 2640: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases senior tax exemption income limit, providing property tax relief for lower-income retirees under Budget & Taxes policy.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Oct 27, 2025

HB 2639: PROP TX-GENERAL HOMESTEAD AMT

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum reduction for the general homestead exemption is $10,000 in all counties. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps homestead exemption reduction at $10k, restricting tax relief for homeowners and limiting property tax benefits.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 2706: PROP TX-ENERGY SYSTEMS

Amends the Property Tax Code. In provisions concerning the valuation of wind energy devices, provides that, for taxable year 2026 and thereafter, the real property cost basis is $588,000 per megawatt of nameplate capacity (currently, $360,000 per megawatt of nameplate capacity). In provisions concerning the valuation of solar energy systems, provides that, for taxable year 2026 and thereafter, the real property cost basis is $446,000 per megawatt of nameplate capacity (currently, $218,000 per megawatt of nameplate capacity). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax valuation basis for wind/solar systems, raising potential tax revenue from renewable energy installations. Direct tax policy change strengthening fiscal management.95% confidence ✗ EnergyOpposes EnergyIncreases property tax valuation per MW for wind/solar, raising costs for renewable developers, discouraging clean energy investment.90% confidence ✓ EnvironmentSupports EnvironmentIncreases tax incentives for wind/solar by raising valuation caps, promoting renewable energy adoption and reducing reliance on fossil fuels.95% confidence

Sub-Topics Solar Wind

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in committee · Illinois · House Oct 28, 2025

HB 4170: PENSION STABILIZATION FUND

Amends the Budget Stabilization Act. Provides that, in addition to any other transfers that may be provided by law, the Comptroller shall transfer from the General Revenue Fund to the Pension Stabilization Fund the following amounts: $300,000,000 for Fiscal Year 2030; $400,000,000 for Fiscal Years 2031 through 2033; and $600,000,000 for Fiscal Years 2034 through 2049.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirectly allocates $300M-$600M annually to pension stabilization fund, strengthening public employee benefits funding within state budget management.95% confidence

Sub-Topics Audits & Accountability Pensions Revenue

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in committee · Illinois · House Mar 21, 2025

HB 1173: INC TX-INSTRUCTIONAL MATERIALS

Amends the Illinois Income Tax Act. Provides that the maximum amount of the credit for instructional materials and supplies is $1,000 for taxable years beginning on or after January 1, 2025 (currently, $500). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for educational materials from $500 to $1,000, providing direct tax relief to families purchasing instructional supplies.95% confidence ✓ EducationSupports EducationIncreases tax credit for school instructional materials from $500 to $1,000, directly boosting K-12 educational resource funding.95% confidence

Sub-Topics Curriculum

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in committee · Illinois · House Apr 17, 2026

HB 1440: PROP TX-TAX DEEDS

Amends the Property Tax Code. Provides that tax deeds issued to the county as trustee shall be recorded by the county and shall not require a municipal transfer stamp or be subject to any municipal real estate transfer taxes, requirements, or certifications prior to recording.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes municipal real estate transfer taxes on county tax deeds, reducing government costs and promoting fiscal efficiency in property tax processing.90% confidence

Sub-Topics Property Tax

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