Budget & Taxes

in committee · Illinois · Senate Aug 5, 2025

SB 2086: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable year 2025, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2026 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for low-income seniors by freezing assessments at income threshold, aligning with tax relief for vulnerable groups.95% confidence ✓ HousingSupports HousingProvides tax relief for low-income seniors, enabling housing stability through reduced property taxes under homestead exemption.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · Senate Feb 25, 2025

SB 2570: $INDEPENDENT TAX TRIBUNAL

Makes appropriations for the ordinary and contingent expenses of the Illinois Independent Tax Tribunal for the fiscal year beginning July 1, 2025, as follows: General Funds $628,300; Other State Funds $82,700; Total $711,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesFunds Illinois Independent Tax Tribunal with $711,000 for fiscal year 2025, supporting tax dispute resolution and fiscal management.95% confidence

Sub-Topics Appropriations

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vetoed · Illinois · House Jun 16, 2026

HB 111: $FY 2027 BUDGET

House Bill 111 proposes to provide funding to the Department of Revenue. It appropriates $2 from the state's General Revenue Fund to cover the department's ordinary and contingent expenses for Fiscal Year 2026. This funding measure is set to take effect on July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2 from General Revenue Fund for Department of Revenue operations, funding essential fiscal management and tax collection functions.95% confidence

Sub-Topics Appropriations Revenue State Budget

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in committee · Illinois · House Mar 21, 2025

HB 3038: INC TX-YOUTH AND GOVERNMENT

Amends the Illinois Income Tax Act. Creates the Illinois Youth and Government Fund. Provides that moneys in the Illinois Youth and Government Fund shall be used by the Department of Commerce and Economic Opportunity to make grants to support the Illinois YMCA Youth and Government program. Creates an income tax checkoff for contributions to the Illinois Youth and Government Fund. Amends the State Finance Act to make conforming changes. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax checkoff for youth program funding, establishing new tax-related funding stream for public program. Directly advances budget/tax mechanism for program support.92% confidence

Sub-Topics Income Tax

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in committee · Illinois · House Feb 18, 2025

HB 3147: INVEST IN KIDS-REENACT

HB 3147 reenacts and makes permanent Illinois' Invest in Kids Act, a tax credit program for education scholarships. It allows Illinois taxpayers to claim a credit on their state income tax for contributions to approved scholarship-granting organizations, which then provide funds to cover "necessary costs and fees" for eligible low-income students attending non-public schools. The program targets students from households earning under 300% of the federal poverty level (rising to 400% after receiving a scholarship), with specific focus on career-focused technical academies. The bill permanently extends this tax credit mechanism, which was previously set to expire, and amends tax code provisions to reflect the permanent status.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for education scholarships, directing state tax revenue toward low-income student funding, aligning with tax relief and public service support.95% confidence ✓ EducationSupports EducationBill creates permanent tax credits to fund scholarships for low-income students in non-public schools, expanding educational access and providing direct financial support to students and families.95% confidence

Sub-Topics School Choice Student Financial Aid

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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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