Budget & Taxes

in committee · Illinois · Senate May 22, 2026

SB 3377: INDUSTRIAL HEMP ACT

Amends the Illinois Income Tax Act. Creates a corporate income tax deduction for hemp business establishments in an amount equal to 50% of the income generated by the sale of products made by businesses owned by minority and other specific priority-population-owned businesses. Amends the Tobacco Products Tax Act of 1995 to exclude hemp-cannabinoid products subject to tax under the Industrial Hemp Act from the definition of tobacco products. Amends the Liquor Control Act of 1934 to provide that hemp extract and hemp-cannabinoid products made in compliance with State law are considered fit for human consumption. Authorizes liquor license holders to manufacture, distribute, and sell such products. Amends the Industrial Hemp Act to establish a comprehensive regulatory framework for hemp and hemp-derived cannabinoid products, including licensing, registration, packaging and labeling standards, age verification, laboratory testing, recordkeeping, enforcement, and penalties. Creates the Hemp Social Equity Fund to support loans, grants, and technical assistance for social equity applicants. Makes conforming changes to the State Finance Act. Effective January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% corporate tax deduction for minority-owned hemp businesses under Illinois Income Tax Act, providing targeted tax relief per bill's explicit amendment.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Illinois · House Feb 19, 2026

HB 5687: $FY27 NEIU OCE

Makes appropriations for the ordinary and contingent expenses of the Northeastern Illinois University for the fiscal year beginning July 1, 2026, as follows: General Funds $42,401,300.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $42.4M in state funds to Northeastern Illinois University, directly advancing public education funding within state budget appropriations.95% confidence ✓ EducationSupports EducationAllocates $42.4M in General Funds for Northeastern Illinois University's operations, directly supporting higher education funding as per the bill's appropriations purpose.95% confidence

Sub-Topics Higher Education

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in committee · Illinois · Senate Jul 13, 2026

SB 4029: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, beginning in taxable year 2029, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides annual property tax relief for low-income seniors by indexing income limit to CPI, reducing their tax burden.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Feb 25, 2026

SB 4152: $FY27 NIU OCE

Makes appropriations for the ordinary and contingent expenses of the Northern Illinois University for the fiscal year beginning July 1, 2026, as follows: General Funds $104,676,300; Other State Funds $22,000; Total $104,698,300.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $104.7M for public university operations, directly funding essential state educational programs within budget appropriations.90% confidence ✓ EducationSupports EducationAllocates $104.7M in state funds for Northern Illinois University's operations, directly supporting higher education infrastructure and programs.95% confidence

Sub-Topics Higher Education

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in committee · Illinois · House May 25, 2026

HB 4849: INC TAX-LAND PROTECTION

Creates the Farmer Tax Benefit Act. Provides that taxpayers may apply to the Department of Natural Resources for an income tax credit in an amount equal to either (i) 100% of the fair market value of a qualified donation to a conservation agency of a land protection agreement or (ii) 50% of the fair market value of the qualified donation to a conservation agency of a fee simple interest or a remainder interest in qualified real property. Amends the Illinois Income Tax Act to make conforming changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for conservation donations, reducing taxable income - direct tax relief under Illinois Income Tax Act.90% confidence ✓ EnvironmentSupports EnvironmentBill provides tax credits for land conservation donations to protect natural resources, directly advancing environmental conservation through financial incentives.95% confidence

Sub-Topics Income Tax Tax Credits Conservation

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in committee · Illinois · House Feb 24, 2026

HB 5703: UNFUNDED MANDATES PROHIBITED

Amends the State Mandates Act. Provides that any State mandate regarding any subject matter enacted on or after the effective date of the amendatory Act that necessitates additional expenditures from local government revenues shall be void and unenforceable unless the General Assembly makes necessary appropriations to implement that mandate. Provides that the failure of the General Assembly to make necessary appropriations shall relieve the local government of the obligation to implement any State mandate. Makes conforming changes. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents unfunded mandates by requiring state appropriations, promoting fiscal responsibility in budget management per State Mandates Act amendment.95% confidence

Tags Local Government

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in committee · Illinois · House Apr 17, 2026

HB 5028: FOREST PRESERVE-REVENUE

Amends the Downstate Forest Preserve District Act. Provides that the Board of the Kendall County Forest Preserve District may impose a tax upon all persons engaged in the business of selling, including leasing, tangible personal property, other than personal property titled or registered with an agency of this State's government, at retail in the county on the gross receipts from the sales made in the course of business to provide revenue to be used by the forest preserve district in that county for general forest preserve district purposes. Provides that the tax may not be imposed on tangible personal property taxed at the 1% rate under the Retailers' Occupation Tax Act. Provides that the tax shall not be imposed on sales of aviation fuel for so long as the revenue use requirements are binding on the board. Provides that the tax and all civil penalties that may be assessed as an incident of the tax shall be collected and enforced by the Department of Revenue. Amends the State Finance Act. Designates the Special Forest Preserve District Retailers and Service Occupation Tax Fund as a special fund in the State Treasury. Makes other changes. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new sales tax to fund forest preserve district, directly increasing local government revenue for public services.95% confidence ✓ EnvironmentSupports EnvironmentFunds forest preserve district via sales tax, directly supporting conservation of natural resources through dedicated revenue for district operations.95% confidence

Sub-Topics Forestry

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in committee · Illinois · House Mar 27, 2026

HB 4973: ILLINOIS PROMOTION-CONVENTIONS

Amends the Illinois Promotion Act. Provides that the Department of Commerce and Economic Opportunity may issue competitive grants with initial terms of 10 years for the purpose of administering an incentive program that will attract or retain conventions, meetings, sporting events, and trade shows in Illinois with the goal of increasing business or leisure travel to and within the State. Amends the State Finance Act. Establishes the Tourism Incentive Grant Program Fund as a special fund in the State treasury. Provides that, on July 1, 2026, and every July 1 thereafter, or as soon thereafter as practical, the State Comptroller shall direct and the State Treasurer shall transfer the sum of $5,000,000 from the General Revenue Fund to the Tourism Incentive Grant Program Fund. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates Tourism Incentive Grant Program Fund under State Finance Act to allocate state funds for tourism incentives, directly advancing budgetary support for economic development.95% confidence

Sub-Topics Audits & Accountability Revenue

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in committee · Illinois · House Feb 19, 2026

HB 5649: $FY27 ISP OCE

Makes appropriations for the ordinary and contingent expenses of the Illinois State Police for the fiscal year beginning July 1, 2026, as follows: General Funds $477,708,200; Other State Funds $460,651,300; Federal Funds $60,000,000; Total $998,359,500.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $998M for Illinois State Police operations via state/federal funds, directly advancing state budget appropriations without tax changes.95% confidence

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in committee · Illinois · Senate Feb 25, 2026

SB 4121: $FY27 ICC OCE

Makes appropriations for the ordinary and contingent expenses of the Illinois Commerce Commission for the fiscal year beginning July 1, 2026, as follows: Other State Funds $95,343,800; Federal Funds $250,000; Total $95,593,800.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $95.59M in state funds for ICC operations, directly funding a state agency's budget without tax changes or restrictions.95% confidence

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