Budget & Taxes

in committee · Illinois · House Feb 18, 2025

HB 3150: USE/OCC TAX-VENDOR DISCOUNT

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Prepaid Wireless 9-1-1 Surcharge Act. Provides that provisions limiting the vendor's discount to $1,000 per month do not apply on and after the effective date of the amendatory Act.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill removes $1,000 vendor discount cap, reducing state tax revenue and weakening fiscal management under Budget & Taxes.85% confidence

Sub-Topics Fees & Licensing Sales Tax

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in committee · Illinois · House Mar 21, 2025

HB 3747: PROP TX-WOODED ACREAGE

Amends the Property Tax Code. In provisions concerning wooded acreage assessment, provides that the assessed value of property that is subject to assessment under those provisions may not exceed the product of the assessed value of the property for the immediately preceding assessment year multiplied by 104%. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps annual property tax assessment growth for wooded acreage at 104%, providing tax relief and promoting fiscal stability for landowners.85% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Feb 27, 2025

SB 227: INC TX-DATA CENTERS

Amends the Illinois Income Tax Act. Provides that, if a taxpayer is awarded a credit by the Department of Commerce and Economic Opportunity in connection with a qualifying Illinois data center located in a qualified area or a data center developed by a minority-owned business, a women-owned business, or a business owned a person with a disability, then the taxpayer is entitled to an additional income tax credit in an amount equal to 5% of the taxpayer's investment in qualified tangible personal property used in the construction or operation of that data center. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 5% income tax credit for qualifying data center investments, incentivizing business development through tax relief.95% confidence ✓ TechnologySupports TechnologyBill provides 5% income tax credit for data center investments, directly funding technology infrastructure development in qualified areas.92% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Mar 21, 2025

HB 2732: INC TX-INSTRUCTIONAL MATERIALS

Amends the Illinois Income Tax Act. Provides that the maximum amount for the credit for instructional materials and supplies shall be $500 for each semester in the taxable year for taxable years beginning on or after January 1, 2026 (currently, $500 per taxable year). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit frequency from annual to per semester, effectively doubling the benefit for families, providing tax relief per indicators.95% confidence ✓ EducationSupports EducationIncreases tax credit for instructional materials from $500/year to $500/semester, effectively doubling annual funding support for K-12 educational resources.85% confidence

Sub-Topics Curriculum

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in committee · Illinois · Senate Jun 2, 2025

SB 138: SCH CD-RECRUITMENT & RETENTION

Amends the School Code. Provides that the State Board of Education shall establish a teacher recruitment and retention program, which shall encourage both new and experienced teachers to seek employment with qualifying public schools by providing for a refundable income tax credit to each participating teacher in the amount of $3,000 per school year for no more than 5 consecutive school years. Provides that the number of participating teachers in the program in any school year shall be limited to 1,000. Contains requirements for participating school districts and participating teachers. Amends the Illinois Income Tax Act establishing the $3,000 tax credit for individuals designated by the State Board of Education as a participating teacher in the teacher recruitment and retention program. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides $3,000 refundable income tax credit for teachers, reducing their tax burden to fund recruitment/retention program, aligning with tax relief indicators.95% confidence ✓ EducationSupports EducationProvides $3,000 annual tax credit for teacher recruitment/retention, directly supporting educator workforce stability in public schools.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides $3,000 annual tax credit to teachers for recruitment/retention, directly increasing compensation and supporting workforce retention in education sector.90% confidence

Sub-Topics Teachers

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in committee · Illinois · House Mar 21, 2025

HB 3336: ELECTION INCOME TAX REBATE

Amends the Election Code. Provides that the State Board of Elections shall create a payment system to collect fees from any prospective candidate for elected office in a consolidated or general election in the State. Provides that the State Board of Elections shall deposit all moneys collected under the provision into the Election Income Tax Rebate Fund. Provides that, beginning in 2027, the Department of Revenue shall pay an annual rebate to each individual taxpayer who files an Illinois income tax return with the moneys in the Election Income Tax Rebate Fund. Amends the State Finance Act to create the Election Income Tax Rebate Fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides annual tax rebates to individual taxpayers via a fund created from candidate fees, offering direct tax relief to filers.95% confidence

Sub-Topics Income Tax

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in committee · Illinois · Senate May 22, 2026

SB 1492: PROP TX-SUBDIVISION VALUE

Amends the Property Tax Code. In provisions concerning platted and subdivided but undeveloped property, provides that (i) beginning with the 2025 taxable year, no property's assessed value shall be reduced to less than $150 under those provisions and (ii) beginning with the 2035 taxable year, no property shall be eligible for calculation of its assessed value under those provisions for more than a 10-year period.

Topics ✓ Budget & TaxesSupports Budget & TaxesSets minimum property tax valuation ($150) and limits special assessment period (10 years), ensuring consistent tax revenue for state budget.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Jun 2, 2025

SB 1993: INC TX-ABLE ACCOUNTS

Amends the Illinois Income Tax Act. Creates an income tax credit for contributions to an ABLE account. Provides that the credit shall be in an amount equal to 25% of that matching contribution, but not to exceed $500 per contributing employee per taxable year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for ABLE contributions (up to $500), reducing taxable income for contributors. Aligns with tax relief for lower/middle income via targeted credit.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · Senate Feb 25, 2025

SB 2611: $COURTS COMMISSION-OCE

SB 2611 appropriates $400,000 from Illinois' General Revenue Fund to the Courts Commission to cover its regular operating costs and unexpected expenses. The funding is effective July 1, 2025, and applies to the Commission's ongoing administrative needs. As a purely procedural appropriations bill with no new policy provisions, it directly affects the Commission's budget without changing laws or impacting specific groups. This bill does not alter legal standards or create new requirements; it simply allocates existing funds for the Commission's routine operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $400k for Courts Commission's operational budget, directly funding state agency fiscal management without policy changes.95% confidence

Sub-Topics Revenue

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in committee · Illinois · House Mar 21, 2025

HB 3738: INC TX-RENTER CREDIT

Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who (1) paid rent on a personal residence in Illinois for at least 6 months during the taxable year; (2) are not claimed as a dependent on someone else's federal income taxes for the taxable year; and (3) have a federal adjusted gross income of less than $83,250, if the taxpayer is married filing a joint return, or $40,770, if the taxpayer is not married filing a joint return. Provides that, if the taxpayer is married filing a joint return, then the amount of the credit is $1,000 for both taxpayers as a single unit. Provides that, if the taxpayer is not married filing a joint return, then the amount of the credit is $500. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for renters meeting AGI limits, providing tax relief to lower/middle income taxpayers per bill's explicit provisions.95% confidence ✓ HousingSupports HousingCreates income tax credit for low-income renters meeting income thresholds, directly reducing housing costs and increasing affordability for eligible tenants.95% confidence

Sub-Topics Affordable Housing Renters Tenant Rights

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