Budget & Taxes (Income Tax)

in committee · Illinois · House Apr 17, 2026

HB 1790: INC TX-FIREARM SAFETY

HB 1790 creates a state income tax credit for Illinois taxpayers who purchase qualifying firearm safety devices (like gun safes, lock boxes, or cases) from federally licensed dealers. The credit allows a nonrefundable deduction of up to $300 per taxpayer annually for eligible purchases made between 2026 and 2031, with a total annual limit of $5 million across all taxpayers. Unused credits can be carried forward for up to five years to offset future tax liability. This policy directly affects Illinois residents buying these safety devices, aiming to reduce their out-of-pocket costs through tax relief.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a state income tax credit (tax relief) for firearm safety device purchases, directly impacting taxation policy with a $5M annual cap.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · Senate May 22, 2026

SB 2097: INC TX-ADOPTION

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the credit may be prorated. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for foster care expenses, providing tax relief to lower-income families. Directly modifies tax policy to reduce liability.95% confidence

Sub-Topics Income Tax Tax Credits

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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

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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

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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

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in committee · Illinois · Senate Jun 2, 2025

SB 1877: EDGE WITHHOLDING-STEEL

Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain taxpayers that are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products may elect to claim the credit under the Act against their withholding tax liability instead of their income tax liability. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit option allowing steel industry to reduce withholding tax liability, a form of targeted tax relief aligning with fiscal responsibility indicators.90% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives

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in committee · Illinois · House May 14, 2026

HB 1750: INC TX-DEDUCT TIPS AND OT

Amends the Illinois Income Tax Act. Creates an income tax deduction for gratuities that are included in the taxpayer's federal adjusted gross income. Creates an income tax deduction for the amount of overtime compensation that is paid to the taxpayer during the taxable year and that is included in the taxpayer's federal adjusted gross income. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deductions for tips and overtime, reducing taxable income and providing relief to workers in service/ot roles, aligning with tax relief indicators.90% confidence

Sub-Topics Income Tax

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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 · 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 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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