Budget & Taxes

in committee · Illinois · Senate May 22, 2026

SB 2792: SMALL BUSINESS INCENTIVES

Creates the Small Business Economic Incentive Act. Provides that at least 50% of the dollar value of all economic incentives awarded to businesses by the State or by any State agency on or after January 1, 2027 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates 50% of state economic incentives fund small businesses (50+ employees), directing budget allocations toward small business support, aligning with fiscal management and funding essential programs.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Economic Development Small Business

Track

in committee · Illinois · House Mar 27, 2026

HB 4274: DCEO-MASTER REDEVELOPMENT PLAN

Creates the Master Development Plan Recognition Act. Provides that certain contributions made by the State or units of local government are considered made pursuant to a master development plan within the meaning of Section 118 of the Internal Revenue Code. Amends the Illinois Income Tax Act. Creates a deduction for capital contributions that are made pursuant to a master development plan and that are included in the taxpayer's federal taxable income for the taxable year under Section 118 of the Internal Revenue Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for capital contributions under redevelopment plans, providing tax relief per Illinois Income Tax Act amendment.95% confidence

Sub-Topics Income Tax Tax Incentives

Track

in committee · Illinois · House Jul 1, 2026

HB 4484: $DCEO-NEIGHBORHOOD HOUSING

Appropriates $5,000,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to Neighborhood Housing Services of Chicago for costs associated with funding equitable mortgage lending and homebuyer subsidies, foreclosure prevention services, and other support. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $5M from General Revenue Fund for housing support services, directly advancing public spending on affordable housing programs.95% confidence ✓ HousingSupports HousingFunds equitable mortgage lending, homebuyer subsidies, and foreclosure prevention - directly advancing affordable housing access and stability.95% confidence

Sub-Topics Revenue Homeownership Mortgages

Track

in committee · Illinois · Senate Jul 2, 2026

SB 2835: $ISBE-IL YOUTHBUILD COALITION

Appropriates $5,500,000 to the State Board of Education for grants and administrative and operational expenses associated with the Illinois YouthBuild Coalition. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $5.5M for YouthBuild Coalition grants and operations, directly funding a public service program per budget allocation.95% confidence ✓ EducationSupports EducationAppropriates $5.5M to State Board of Education for YouthBuild Coalition grants, directly funding educational access and workforce programs for at-risk youth.95% confidence

Track

in committee · Illinois · Senate Jul 2, 2026

SB 2864: $ALS FOUNDATION

Appropriates $300,000 from the General Revenue Fund to the Department of Public Health for grants to the Les Turner ALS Foundation for research on Amyotrophic Lateral Sclerosis (ALS) and for care of those persons affected by the disease. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $300,000 from General Revenue Fund for ALS research and care, directly funding essential health services per budget allocation.95% confidence ✓ HealthcareSupports HealthcareFunds ALS research and patient care via $300,000 state grant, directly advancing medical research and treatment access for a specific health condition.95% confidence

Sub-Topics Revenue Public Health

Track

in committee · Illinois · Senate Jan 13, 2026

SB 2758: CHICAGO DEBT ISSUANCE VOTES

Amends the Illinois Municipal Code. Provides that, the beginning on the effective date of the amendatory Act, the Chicago City Council shall not adopt an ordinance authorizing a debt issuance without the affirmative vote of at least three-fifths of the alderpersons then holding office on the Chicago City Council. Defines "debt issuance". Limits home rule powers.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires 3/5 council approval for debt issuance, promoting fiscal responsibility through stricter oversight of municipal borrowing and spending decisions.85% confidence

Sub-Topics Debt & Bonds

Track

in committee · Illinois · House Mar 27, 2026

HB 4549: STATE FINANCE-AUDIT FUND

Amends the State Finance Act. Provides that, within 30 days after July 1, 2026, or as soon thereafter as practical, specified sums shall be transferred from various named funds into the Audit Expense Fund. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill transfers funds to Audit Expense Fund, promoting fiscal accountability and oversight within state budget management per State Finance Act amendments.85% confidence

Sub-Topics Audits & Accountability State Budget

Track

in committee · Illinois · House Mar 27, 2026

HB 4506: ELEC CD-SECURE ELECTIONS FUND

Amends the Election Code. Creates the Secure Elections Infrastructure Fund as a special fund in the State treasury. Provides that, subject to appropriation, moneys in the Fund shall be distributed by the State Board of Elections as grants to election authorities for: voting machine replacement; electronic poll book upgrades; cybersecurity hardening; voter accessibility upgrades; infrastructure for secure ballot transport and storage; and capital improvements to election authority facilities that are necessary to maintain safe, secure, and effective election administration. Provides that the State Board of Elections shall establish and use a formula to distribute moneys in the Fund to election authorities.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dedicated fund for election infrastructure grants, directing state budget toward election security and accessibility as essential public services.90% confidence ✓ TechnologySupports TechnologyFunds cybersecurity hardening for election systems, directly supporting tech security infrastructure per bill's explicit allocation for cybersecurity measures.95% confidence

Sub-Topics Appropriations Cybersecurity

Track

in committee · Illinois · Senate Apr 14, 2026

SB 2937: PEN CD-CTPF-STATE CONTRIBUTION

Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that beginning in State fiscal year 2027, the State (instead of the Chicago Board of Education) shall contribute for each of fiscal years 2027 through 2059, a minimum contribution to the Fund in an amount determined by the Fund to be sufficient to bring the total assets of the Fund up to 90% of the total actuarial liabilities of the Fund by the end of fiscal year 2059. Provides that, in making these determinations, the required contribution shall be calculated each year as a level percentage of the applicable employee payrolls over the years remaining to and including fiscal year 2059 and shall be determined under the projected unit credit actuarial cost method. Amends the School Code to make a conforming change in provisions concerning evidence-based funding. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates state contributions to pension fund, ensuring fiscal responsibility and funding essential public employee benefits.85% confidence ✓ EducationSupports EducationBill mandates state pension contributions for Chicago teachers, strengthening educator benefits and financial security under Illinois Pension Code.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentEnsures state funding for teacher pensions, securing retirement benefits as part of employment compensation and preventing underfunding that could harm worker benefits.90% confidence

Sub-Topics Pensions Teachers

Track

in committee · Illinois · Senate May 14, 2026

SB 3015: ESTATE TAX-MANUFACTURING

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2027, the State tax credit shall be calculated as though the decedent's federal taxable estate did not include the decedent's business interest in a manufacturing business located in this State. Defines "manufacturing business". Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax exemption for manufacturing businesses, reducing state estate tax revenue by excluding business interests from taxable estate calculations.92% confidence

Sub-Topics Tax Credits

Track