Budget & Taxes

in committee · Illinois · Senate May 22, 2026

SB 2798: PROP TX-GENERAL HOMESTEAD

Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum reduction for the general homestead exemption shall be $10,000 in all counties. Provides that, for taxable years 2027 and thereafter, the maximum reduction for the general homestead exemption in all counties shall be the maximum reduction for the immediately preceding taxable year, increased by the lesser of (i) 5% or (ii) the percentage increase in the Consumer Price Index during the 12-month period ending on September 30 of the immediately preceding taxable year. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 20% per year, subject to certain exceptions. Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year). Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps homestead tax relief at $10k (2026) with annual limits, restricting potential tax cuts85% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 2788: SCH CD-RESOURCE OFFICER GRANT

Amends the School Code. Requires, subject to appropriation, the State Board of Education, in consultation with the Illinois Law Enforcement Training Standards Board, to establish the School Resource Officer Grant Program to fund salaries and any other costs associated with the hiring of an active law enforcement officer as a school resource officer. Provides that eligible entities are schools or school districts that have hired an active law enforcement officer as a school resource officer and the law enforcement agency or agencies that a school or school district has an intergovernmental agreement with to employ a school resource officer. Provides that any funds distributed to an eligible entity under the Program shall be equally distributed between the eligible entities in an intergovernmental agreement to employ a school resource officer. Allows the State Board of Education, in consultation with the Illinois Law Enforcement Training Standards Board, to adopt rules as needed for the Program's implementation and the distribution of grants. Makes a conforming change.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes state-funded grant program for school resource officers, allocating public funds for public safety services via appropriation90% confidence ✓ Criminal JusticeSupports Criminal JusticeFunds school resource officers via grant program, directly supporting law enforcement presence in schools under Criminal Justice topic description.95% confidence ✓ EducationSupports EducationEstablishes grant program to fund school resource officer salaries, directly providing financial support for K-12 school safety programs within educational institutions.95% confidence

Sub-Topics Appropriations Law Enforcement School Safety

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in committee · Illinois · House Mar 27, 2026

HB 4335: TIF-VETERAN ORGANIZATIONS

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that "redevelopment project costs" includes, among other things, costs of operations, infrastructure, and programming of not-for-profit veterans and military organizations located within the redevelopment project area, including organizations designated as tax-exempt organizations under Section 501(c)(19) of the federal Internal Revenue Code.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends TIF to include veterans' org costs, directing public funds toward their programming via redevelopment budgets.85% confidence ✓ VeteransSupports VeteransIncludes veterans' orgs under 501(c)(19) in TIF funding for operations/programming, directly expanding financial support for veteran services.95% confidence

Sub-Topics Veteran Housing

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in committee · Illinois · Senate May 22, 2026

SB 2745: PROP TX-DISABLED PERSONS

Amends the Property Tax Code. Provides that an applicant who receives the homestead exemption for persons with disabilities and who submits documentation by the examining provider that the applicant is totally and permanently disabled need not be reexamined to receive the exemption in a subsequent taxable year if (i) the applicant attaches the original documentation of total and permanent disability to his or her application in the subsequent taxable year, (ii) the exemption has not been deemed erroneous since the last application, and (iii) the claimant has not reported the claimant's ineligibility to receive the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides ongoing property tax exemption for disabled persons, reducing their tax burden without reapplication, aligning with tax relief for lower-income groups.92% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 2794: FINANCE-BRIDGE FUND

Amends the Department of Insurance Law of the Civil Administrative Code of Illinois. Provides that the Department of Insurance shall establish and administer a State subsidy program to offset some, if not all, of the costs associated with the expiration of the enhanced federal tax credits that subsidize health insurance premiums. Amends the Governor's Office of Management and Budget Act. Provides that the Governor shall direct the State Comptroller and the State Treasurer to set aside the sum of $75,000,000 from the Budget Reserve for Immediate Disbursements and Governmental Emergencies (BRIDGE) Fund to fund that program. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates state subsidy to offset costs from expiring federal tax credits, maintaining health insurance affordability through fiscal management and funding continuity.95% confidence ✓ HealthcareSupports HealthcareEstablishes state subsidy to maintain health insurance premium coverage after federal tax credits expire, directly protecting access to insurance subsidies and preventing coverage gaps.95% confidence

Sub-Topics Audits & Accountability Insurance

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passed · Illinois · House Jan 21, 2026

HR 623: DJT-SUSPEND TARIFF SCHEME

Calls upon President Donald J. Trump to immediately suspend his tariff scheme and halt all efforts to defend his unilateral tax increases in court. Calls upon the United States Department of the Treasury to immediately issue $2,000 payments to every American household with an annual income below $250,000 as a refund of families' lost wages and savings, and as an apology for President Trump's illegal tax increases.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill opposes Trump's tax increases and proposes $2k refunds for households under $250k income, providing direct tax relief to lower/middle income earners.95% confidence

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in committee · Illinois · Senate Jan 29, 2026

SB 3028: SCH CD-PROHIBIT ST ASSESSMENTS

Amends the School Code. Prohibits the State Board of Education from developing, purchasing, or requiring a school district to administer, develop, or purchase a standardized assessment for students enrolled or preparing to enroll in prekindergarten through grade 12 (rather than grade 2), other than for diagnostic purposes. Prohibits the State Board of Education from providing funding for any standardized assessment of students enrolled or preparing to enroll in prekindergarten through grade 12 (rather than grade 2). Makes related changes. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill prohibits state funding for standardized assessments, directly defunding a program under education budget management.90% confidence ✗ EducationOpposes EducationProhibits standardized assessments for K-12, restricting a common educational evaluation practice and reducing mandated testing requirements.95% confidence

Sub-Topics Procurement Testing & Assessment

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in committee · Illinois · House Jul 1, 2026

HB 4507: $SECURE ELECTIONS FUND

HB 4507 allocates $25 million from the state's General Revenue Fund to the Secure Elections Infrastructure Fund for security and accessibility upgrades in specific voting districts. The funding, effective July 1, 2026, will cover equipment and infrastructure improvements in designated areas under Illinois Election Code Section 1A-70. This bill directly supports election administration by modernizing voting systems in targeted districts. It is currently under review by the Rules Committee after being filed in January 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $25M from General Revenue Fund to Secure Elections Infrastructure, directly funding election administration via state budget allocation.95% confidence

Sub-Topics Revenue

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in committee · Illinois · House Jun 4, 2026

HB 4519: INC TX-DEDUCTION FOR TIPS

Amends the Illinois Income Tax Act. Creates an income tax deduction for gratuities that are included in the taxpayer's federal adjusted gross income. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for tips included in federal AGI, providing direct tax relief to service workers earning gratuities.90% confidence

Sub-Topics Income Tax

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in committee · Illinois · House Mar 27, 2026

HB 4627: USE TAX-MILITARY-VEHICLES

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Vehicle Use Tax Article of the Illinois Vehicle Code. Provides that the taxes under those Acts do not apply to a motor vehicle that is registered in the State to an Illinois resident who acquired the vehicle while the Illinois resident was stationed outside of this State as an active duty member of the military.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts military vehicles from use tax, providing tax relief to Illinois military residents per bill summary.90% confidence ✓ VeteransSupports VeteransExempts military members' vehicles from state taxes when acquired during active duty, reducing financial burden on veterans.95% confidence

Sub-Topics Sales Tax

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