Budget & Taxes

in committee · Illinois · House Mar 18, 2025

HB 4011: PROP TX-ASSESSMENT LIMIT

Amends the Property Tax Code. Provides that, in all counties, the equalized assessed value of property in a general assessment year shall not exceed the equalized assessed value of the property in the immediately preceding general assessment year, increased by the lesser of: (1) 3% of the equalized assessed value of the property for the immediately preceding general assessment year; or the percentage increase, if any, in the Consumer Price Index during the 12-month calendar year preceding the general assessment year for which the property is being reassessed. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps annual property tax increases at 3% or CPI, limiting tax growth for property owners, directly restricting tax assessment increases.95% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · Senate May 6, 2025

SR 114: PROGRESSIVE INCOME TAX-OPPOSE

Opposes a progressive income tax in Illinois. Opposes the reconsideration by the Illinois General Assembly of any constitutional amendment intended to change the flat-rate income tax language of subsection (a) of Section 3 of Article IX of the Constitution of Illinois.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly opposes implementing a progressive income tax and any constitutional change to the flat-rate system, directly restricting tax structure reform.95% confidence

Sub-Topics Income Tax

Track

in committee · Illinois · House Mar 21, 2025

HB 1199: PROP TX-EXTENSION LIMITATION

Amends the Property Tax Code. Provides that, notwithstanding any other provision of law, beginning in taxable year 2026, no county clerk may extend against any property an annual property tax that exceeds the amount generated by multiplying the property tax liability for the property in the immediately preceding taxable year by one plus the percentage increase, if any, in the Consumer Price Index for the 12-month period ending in September of the immediately preceding taxable year, unless the increase in the property tax liability is the result of improvements to the property or the result of the removal of one or more exemptions that were granted with respect to the property for the immediately preceding taxable year. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill caps annual property tax increases at CPI rate, limiting government revenue growth from property taxes.95% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · Senate Feb 14, 2025

SB 1734: INC TX-STANDARD EXEMPTION

Amends the Illinois Income Tax Act. Provides that the cost-of-living adjustment to the standard exemption applies on a permanent basis (currently, for taxable years that end on or before December 31, 2028). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesPermanent cost-of-living adjustment to standard exemption prevents erosion of tax relief for middle-income taxpayers, maintaining purchasing power through inflation adjustments.95% confidence

Sub-Topics Income Tax

Track

in committee · Illinois · House Mar 27, 2026

HB 1497: PTELL-FREEZE

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2026 through 2030, the term "taxing district" includes each home rule taxing district. Provides that, for levy years 2026 through 2030, the extension limitation is 0% or the rate of increase approved by the voters. Contains provisions setting forth the aggregate extension for taxing districts that became subject to the Property Tax Extension Limitation Law as a result of the amendatory Act. Sets forth powers and duties of the Department of Revenue. Limits the power of home rule units to tax. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill freezes property tax increases at 0% for 2026-2030, restricting local tax hikes without voter approval, directly limiting tax revenue growth.90% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · House Aug 6, 2026

HR 112: NO TAXES ON RETIREMENT INCOME

HR 112 is a resolution that expresses the belief that the Illinois Income Tax Act should not be amended to permit the taxation of retirement income. It advocates against any future changes that would allow the state to tax the income of retirees in Illinois.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly opposes taxing retirement income, preventing potential tax increases on retirees, aligning with 'oppose' indicators for restricting tax changes.95% confidence

Sub-Topics Income Tax

Track

in committee · Illinois · House Mar 21, 2025

HB 1925: SCH-EDUCATION PRIORITIZATION

Creates the Education Prioritization Act. Beginning with fiscal year 2026, requires the General Assembly to appropriate for the evidence-based funding formula under the School Code an amount that is equal to or exceeds the sum of: (i) the total amount appropriated for the evidence-based funding formula during the fiscal year immediately preceding the fiscal year for which the appropriation is being made; and (ii) 51% of total new general funds available for spending from estimated growth in revenues and funds available because of budgeted program growth and decline in the fiscal year for which the appropriation is being made; but in no event shall the sum be less than a certain percentage required under the Act. Requires a continuing appropriation if the General Assembly fails to make sufficient appropriations to fund the evidence-based funding formula. Amends the School Code to make changes concerning a system for accounting for revenues and expenditures and evidence-based funding. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates annual funding increases for education via evidence-based formula, ensuring continued public service funding per appropriation requirements.95% confidence ✓ EducationSupports EducationBill mandates annual funding increases for evidence-based school formula by requiring appropriations to exceed prior year's amount plus 51% of new general funds, directly advancing school funding priorities.95% confidence

Sub-Topics State Budget School Funding

Track

in committee · Illinois · House Mar 18, 2025

HB 4010: PROP TX-EXTENSIONS

Amends the Property Tax Code. Provides that, beginning in taxable year 2026, no taxing district, other than a home rule unit, may levy a tax on any parcel of real property that is more than 105% of the base amount unless (i) the increase is attributable to substantial improvements to the property, (ii) the taxing district did not levy a tax against the property in the previous taxable year, or (iii) the increase is attributable to a special service area. Provides that "base amount" means the tax levied by the taxing district on the subject property in the immediately preceding taxable year, except that, if the property received a homestead exemption in the immediately preceding taxable year and is not eligible for that exemption in the current taxable year, then the base amount shall be the tax that would have been levied by the taxing district on the subject property in the immediately preceding taxable year if the homestead exemption had not been applied. Provides that a taxing district may elect to be exempt from those provisions for one or more taxable years if the exemption is approved by referendum. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts property tax increases to 105% of base amount without broad exceptions, limiting government tax revenue collection.95% confidence

Sub-Topics Property Tax

Track

in committee · Illinois · Senate Feb 25, 2025

SR 127: 1ST YR BUSINESS FEES-ELIMINATE

Urges the elimination of all first-year business fees relating to any license or registration for any new business or person establishing a new business, including home-based businesses, whose principal place of business is in this State.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEliminates business license/registration fees, reducing state revenue from new businesses, directly weakening fiscal management under Budget & Taxes.95% confidence

Sub-Topics Business Taxes Fees & Licensing Sales Tax

Track

in committee · Illinois · Senate Feb 11, 2025

SJRCA 2: CONAMEND-BUDGET FIRST

Proposes to amend the Legislature Article of the Illinois Constitution. Provides that the General Assembly shall pass a bill containing the State budget and present it to the Governor before the General Assembly considers any other bill.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires budget passage before other bills, promoting fiscal responsibility in state budget process85% confidence

Sub-Topics State Budget

Track