Budget & Taxes

in committee · Illinois · Senate Mar 18, 2025

SB 136: INC TX-LGDF

Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is equal to the sum of (i) 6.47% of the net revenue realized from the tax imposed upon individuals, trusts, and estates during the preceding month; (ii) 6.85% of the net revenue realized from the tax imposed upon corporations during the preceding month; and (iii) 6.47% of the net revenue realized from the tax imposed upon electing pass-through entities). Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reduces LGDF transfer rate from current 13.32% (6.47% + 6.85%) to 10% of income tax revenue, defunding local government programs.90% confidence

Sub-Topics Business Taxes Revenue

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in committee · Illinois · House Mar 27, 2026

HB 2592: PROP TX-CONDO ABATEMENT

Amends the Property Tax Code. Provides that any taxing district may, after the determination of the assessed valuation of its property, order the county clerk to abate any portion of its taxes on any qualified condominium property. Provides that the amount of the abatement may not exceed the special assessments imposed against the property by the condominium association during the taxable year. Provides that "qualified condominium property" means a condominium that is located in a low-income community and with respect to which the condominium association has imposed a special assessment for repairs during the taxable year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement for low-income condominium properties, reducing their tax burden per Property Tax Code amendment.92% confidence ✓ HousingSupports HousingProvides tax abatement for low-income condominiums, reducing housing costs and advancing affordability per Property Tax Code amendment.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · Illinois · House Jul 1, 2026

HB 2036: $TRS-TECH

Appropriates $2 from the General Revenue Fund to the Teachers' Retirement System for its FY26 ordinary and contingent expenses. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2 from General Revenue Fund to Teachers' Retirement System for FY26 expenses, directly funding a public service program.90% confidence

Sub-Topics Pensions Revenue State Budget

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in committee · Illinois · House Mar 27, 2026

HB 2996: PROP TX-CELL TOWERS

Amends the Property Tax Code. Provides that wireless telecommunication towers that are not otherwise exempt under a specific provision of the Code are subject to local property taxes and shall be valued according to policies adopted by the chief county assessment officer. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires cell towers to pay local property taxes, closing a previous exemption and increasing tax revenue, aligning with fiscal responsibility and tax base expansion.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Aug 6, 2026

SB 1718: USE/OCC TAX-SCHOOL HOLIDAY

Creates the Back-to-School Sales Tax Holiday Act. Provides that no sales tax shall be imposed on eligible merchandise purchased by any individual or entity in the State of Illinois during the sales tax holiday period. Provides that the sales tax holiday period is the period beginning at 12:01 a.m. on the first Friday in August and ending at 11:59 p.m. on the following Sunday. Provides that "sales tax" means the taxes imposed under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates temporary sales tax exemption for back-to-school items, providing direct tax relief to families during specified period.95% confidence

Sub-Topics Sales Tax

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in committee · Illinois · Senate May 22, 2026

SB 1821: PROP TX-SENIORS

Amends the Property Tax Code. In provisions concerning the low-income senior citizens assessment freeze homestead exemption, provides that the applicant's income does not include up to $10,000 per household in required minimum distributions under the Internal Revenue Code from a retirement plan, retirement account, or retirement annuity. Provides that, for taxable year 2025 and thereafter, the maximum income limitation is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that an eligible taxpayer has a household income of not more than $75,000 for tax year 2025 and thereafter (currently, $65,000 for tax years 2022 through 2025 and $55,000 for tax year 2026 and thereafter). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes retirement income from taxable base for seniors, providing property tax relief to low-income seniors under income limits.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Illinois · Senate May 30, 2025

SB 1271: DCEO-TAX CREDIT REPORT

Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates business and employee tax credits, reducing state tax revenue and weakening tax base per bill's tax credit provisions.92% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates collective bargaining employee tax credit, incentivizing business support for union activities, directly advancing labor rights protections.90% confidence

Sub-Topics Tax Credits Collective Bargaining

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in committee · Illinois · House Mar 27, 2026

HB 1337: PROP TX-PERSON W/DISABILITY

Amends the Property Tax Code. In provisions concerning the homestead exemption for persons with disabilities, provides that, if the person with a disability is eligible to receive disability benefits under the federal Social Security Act and has a household income that does not exceed 200% of the federal poverty level, then the property is exempt from taxation under the Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax exemption for low-income disabled persons (under 200% federal poverty level), directly offering tax relief to lower-income group per Budget & Taxes indicators.95% confidence ✓ HousingSupports HousingProvides property tax exemption for disabled residents with household income ≤200% federal poverty level, reducing housing costs and increasing affordability for low-income homeowners.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · Senate Feb 25, 2025

SB 2608: $SECRETARY OF STATE-FY26

Makes appropriations from various funds to the Office of the Secretary of State for its ordinary and contingent expenses in State fiscal year 2026. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates appropriations for Secretary of State's FY26 expenses, directly funding a state agency's operations as part of standard budget execution.95% confidence

Sub-Topics Appropriations State Budget

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in committee · Illinois · House Feb 25, 2025

HB 3890: $STATE APPELLATE DEFENDER

Appropriates $38,275,200 from the General Revenue Fund to the Office of the State Appellate Defender for its ordinary and contingent expenses. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $38.3M from General Revenue to fund state appellate defense services, a core public service, aligning with essential program funding and fiscal responsibility.95% confidence ✓ Criminal JusticeSupports Criminal JusticeFunds Appellate Defender office, ensuring legal representation for indigent defendants, aligning with defendant rights protection in criminal justice.95% confidence

Sub-Topics Appropriations Revenue State Budget

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