Budget & Taxes

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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in committee · Illinois · House Mar 21, 2025

HB 3105: PROP TX-SCHOOL DISTRICTS

Amends the Property Tax Code. Creates the School District Extension Freeze Law. Provides that, if at the end of any levy year, a school district has reserves of 50% or more of its operating budget, then the school district's extension for all purposes may not exceed its extension for the previous levy year. Provides that, if the school district has reserves of 60% or more at the end of the immediately preceding levy year, then the district's extension shall be reduced by an amount equal to the difference between the district's reserve amount for the immediately preceding levy year and a reserve amount of 60% for that levy year. Effective July 1, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts school district property tax extensions based on reserve levels, limiting government spending growth and capping tax increases.95% confidence ✗ EducationOpposes EducationBill restricts school districts' ability to increase property tax extensions when reserves are high, limiting funding flexibility for K-12 schools by capping potential revenue growth.85% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 27, 2026

HB 1764: SR CITIZEN INCOME ELIGIBILITY

Amends the Senior Citizens and Persons with Disabilities Property Tax Relief Act. In a provision setting forth the specified household income eligibility limits used to determine eligibility for reduced vehicle registration fees and free transit services, provides that the Department on Aging shall (rather than may) adopt rules such that on January 1, 2026, and thereafter, the specified household income eligibility limits shall be changed to reflect the annual cost of living adjustment in Social Security and Supplemental Security Income benefits. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts income eligibility for tax relief programs to maintain benefits via cost-of-living adjustments, protecting existing fiscal support for seniors/disabled.85% confidence ✓ TransportationSupports TransportationAmends income limits for free transit eligibility, ensuring continued access to public transit services for seniors/disabled via annual cost-of-living adjustments.85% confidence

Sub-Topics Vehicle Registration

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in committee · Illinois · Senate May 29, 2026

SB 1831: PROP TX-ABATEMENT-RESIDENTIAL

Amends the Property Tax Code. Allows for an abatement of taxes if the property is included in a new residential construction development that is located in a county with fewer than 300,000 inhabitants. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides property tax abatement for new residential developments, reducing tax burden per Property Tax Code amendment.90% confidence ✓ HousingSupports HousingTax abatement for new residential construction incentivizes housing development in smaller counties, aligning with housing advancement goals.85% confidence

Sub-Topics Property Tax Tax Incentives Property Development Property Taxes

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in committee · Illinois · Senate Apr 11, 2025

SB 2068: CANNABIS-PAYMENT-PROPERTY TAX

Amends the Cannabis Regulation and Tax Act. Provides that, in addition to other grounds specified in this Act, the Department of Agriculture, upon notification by a county of a cultivation center's failure to pay all or part of any property tax or penalty due to the reporting county, shall refuse the issuance or renewal of a license, or suspend or revoke the license of the cultivation center. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnforces property tax compliance for cannabis licenses, ensuring tax revenue collection and fiscal responsibility per the bill's licensing restrictions.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Feb 18, 2025

HJRCA 15: CONAMEND-BALANCED BUDGET

Proposes to amend the Finance Article of the Illinois Constitution. Provides that the General Assembly shall pass a balanced budget that makes appropriations based on funds estimated to be available by the Commission on Government Forecasting and Accountability. Effective upon being declared adopted.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires constitutional balanced budget, promoting fiscal responsibility in state spending and appropriations management.95% confidence

Sub-Topics State Budget

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