Budget & Taxes

in committee · Illinois · Senate Feb 7, 2025

SB 2228: BUDGET-GA MEMBER SALARY

Amends the General Assembly Compensation Act. Provides that, in fiscal year 2026, and each fiscal year thereafter, if the General Assembly fails to pass a balanced budget for the fiscal year by the immediately preceding June 30, the compensation to be paid to members of the General Assembly for that fiscal year, including the additional sums payable to officers of the General Assembly, shall be withheld until a balanced budget is passed. Amends the State Budget Law of the Civil Administrative Code of Illinois. Removes the salary of members of the General Assembly from continuing appropriation provisions. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enforces fiscal responsibility by withholding GA salaries until balanced budget is passed, directly promoting budget discipline per topic description.95% confidence

Sub-Topics State Budget

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in committee · Illinois · Senate Feb 26, 2025

SB 2621: $AUDITOR GENERAL-OCE

Appropriates the sum of $8,620,000 from the General Revenue Fund to the Auditor General to meet the ordinary and contingent expenses of the Office of the Auditor General. Appropriates $35,592,488 to the Auditor General from the Audit Expense Fund for administrative and operations expenses and audits, studies, investigations, and expenses related to actuarial services. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesFunds Auditor General for fiscal oversight, promoting transparency in state spending and accountability for public funds.90% confidence

Sub-Topics Audits & Accountability Revenue State Budget

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in committee · Illinois · Senate Jun 2, 2025

SB 252: INC TX-R AND D CREDIT

SB 252 amends the Illinois Income Tax Act to make the state's research and development tax credit permanent. This bill removes any expiration date for the credit, ensuring its continuous availability. It directly affects businesses in Illinois that conduct research and development activities and claim this specific income tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesMakes R&D tax credit permanent, providing ongoing tax relief for businesses engaged in research and development activities.90% confidence ✓ TechnologySupports TechnologyPermanently funds R&D tax credit, directly supporting tech innovation and business R&D activities through tax incentives.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Jan 28, 2025

HB 1410: TAXPAYER FISCAL CHARTER ACT

Creates the Taxpayers' Fiscal Charter Act. Provides for a discretionary spending freeze for fiscal years 2026 and 2027. Sets forth requirements to increase discretionary spending beginning in fiscal year 2028. Requires any new spending proposed by the General Assembly in addition to existing obligations to be accompanied by a proposed source of revenue to pay for the proposed spending or specified cuts necessary to offset the proposed spending. Prohibits unfunded mandates. Requires the publishing of certain information before voting on or enacting an appropriations bill. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesPromotes fiscal responsibility via spending freeze, offset requirements for new spending, and prohibits unfunded mandates, aligning with budget management indicators.95% confidence

Sub-Topics Audits & Accountability Government Spending State Budget

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in committee · Illinois · House Mar 21, 2025

HB 1188: INC TX-EMPLOYEE RAISES

Amends the Illinois Income Tax Act. Provides that an employer with 250 or fewer full-time equivalent employees during the reporting period may claim a credit against the withholding payments for each qualified employee. Provides that a qualified employee is an employee who receives a raise from an employer, whose post-raise annual salary attributable to that employer is not less than $31,200, and who continues to be employed by the employer during the reporting period for which the credit is taken.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for employers giving raises to employees earning ≥$31,200, offering tax relief to middle-income workers through employer tax reduction.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes employers to provide raises to qualifying workers ($31,200+ salary), directly advancing wage increases within labor & employment framework.90% confidence

Sub-Topics Income Tax

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in committee · Illinois · House Mar 27, 2026

HB 1827: PROP TX-INCOME PROPERTY

Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, taxpayers of income-producing property shall submit income and expense data annually to the chief county assessment officer on or before July 1 of each year. Provides that, in counties of fewer than 3,000,000 inhabitants, the county board may provide by ordinance or resolution that taxpayers of income-producing property shall submit income and expense data annually to the chief county assessment officer on or before March 31 of each year. Contains certain exceptions. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires income data submission for property tax assessment, promoting fiscal responsibility in tax administration per topic description.75% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Feb 6, 2025

HB 2896: PROP TX-PTELL NEW RATE

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a levy authorized for contributions to a Firefighters' Pension Fund for a municipality with a population of 500,000 or less is not considered a new rate. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends property tax law to allow municipalities to fund firefighters' pension without triggering new rate limits, enabling essential service funding under budget/tax framework.95% confidence

Sub-Topics Pensions Property Tax

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in committee · Illinois · Senate Feb 25, 2025

SB 2603: $LEGISLATIVE SUPPORT AGENCIES

SB 2603 is a funding bill that allocates specific amounts from Illinois' General Revenue Fund to support various legislative agencies for the 2024-2025 fiscal year. It provides $4,514,600 for the Commission on Government Forecasting and Accountability's operations, $1,500,000 for pension contributions to the State Employees' Retirement System for legislative staff, and smaller sums for agencies like the Legislative Audit Commission ($475,000) and the Legislative Reference Bureau ($4,365,360). The bill covers ordinary operational expenses, equipment purchases, and pension contributions for these agencies. It does not create new policies or directly affect the public beyond funding internal legislative functions.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates specific General Revenue Fund amounts to legislative agencies, supporting fiscal management and operational needs of state government bodies.95% confidence

Sub-Topics Audits & Accountability Pensions State Budget

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in committee · Illinois · House Jan 29, 2025

HJRCA 8: REVENUE-EDUCATION

Proposes to amend the Revenue Article of the Illinois Constitution. Provides that an additional income tax shall be imposed on individuals in an amount equal to 3% of the portion of the individual's income that is greater than $1,000,000 for the taxable year. Provides that the revenue collected from the tax shall be distributed to school districts on a per pupil basis. Effective upon being declared adopted.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 3% tax on high earners ($1M+) to fund public schools via per-pupil allocation, directly increasing education funding through targeted taxation.95% confidence ✓ EducationSupports EducationProposes 3% income tax on high earners to fund schools per pupil, directly increasing educational funding allocation.95% confidence

Sub-Topics School Funding

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in committee · Illinois · House Apr 22, 2025

HR 111: TAX HOLIDAY-SCHOOL SUPPLIES

HR 111 is a resolution that urges the General Assembly and the Governor to enact a tax holiday for school supplies. This proposed tax holiday would begin in 2025 and continue annually, with the aim of providing financial relief to working parents.

Topics ✓ Budget & TaxesSupports Budget & TaxesProposes tax holiday on school supplies, providing relief to working parents (middle-income).95% confidence ✓ EducationSupports EducationTax holiday for school supplies reduces costs for families, increasing access to educational materials and aligning with support indicators for educational access and affordability.92% confidence

Sub-Topics Sales Tax

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