Budget & Taxes

introduced · Illinois · House Aug 5, 2026

HB 5807: TARGETED AD TAX-REPEAL

HB 5807 repeals Illinois' Targeted Advertising Services Tax Act, which eliminates a state-level tax on digital advertising services that use data to target specific consumers. The bill also amends the Counties Code and the Illinois Municipal Code to permanently prohibit home rule counties and municipalities from imposing their own taxes on these targeted advertising services. By removing both the state tax and local taxing authority in this area, the legislation directly affects businesses that sell targeted digital advertising and the government entities that previously collected revenue from it.

Topics ✗ Budget & TaxesOpposes Budget & TaxesThe bill repeals a state tax and permanently prohibits local governments from imposing similar taxes, directly reducing government revenue and limiting fiscal authority.95% confidence ✗ TechnologyOpposes TechnologyBill repeals state and local taxes on targeted digital advertising, reducing regulatory and financial oversight of data-driven tech practices.85% confidence

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introduced · Illinois · House Aug 5, 2026

HB 5806: SOCIAL MEDIA TAX-REPEAL

HB 5806 repeals Illinois state laws that imposed a fee on social media platforms. The bill amends the Business Corporation Act of 1983 to remove the specific provisions authorizing these charges. This change directly affects social media companies operating in Illinois by eliminating their obligation to pay this particular tax or fee.

Topics ✗ Budget & TaxesOpposes Budget & TaxesThe bill explicitly repeals a state tax/fee on social media platforms, reducing government revenue and limiting fiscal collection mechanisms.95% confidence ✗ TechnologyOpposes TechnologyThe bill repeals a state fee on social media platforms, removing a regulatory financial burden and favoring tech companies over public revenue.85% confidence

Sub-Topics Social Media

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introduced · Illinois · House Jun 30, 2026

HB 5801: FINANCE-BRIDGE FUND TRANSFER

HB 5801 amends the State Finance Act to require the transfer of specific funds from various state accounts into the Budget Reserve for Immediate Disbursements and Governmental Emergencies Fund. This bill directly affects multiple state funds, including those for open space lands, medical cannabis, law enforcement, and wildlife conservation, by mandating that the State Comptroller and Treasurer move designated amounts from each into the reserve. The legislation sets a deadline of July 31, 2025, for completing these transfers, which range from small sums like $43,000 to larger amounts like $15 million. By repealing previous rules that required transfers to the reserve from certain funds, this act establishes a new, comprehensive list of sources for the budget reserve.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill mandates transferring funds from specific state accounts into a reserve, effectively restricting or limiting available budget for those programs.85% confidence ✗ Criminal JusticeOpposes Criminal JusticeBill mandates transferring funds from law enforcement accounts to a reserve, effectively reducing available resources for criminal justice operations.65% confidence ✗ EnvironmentOpposes EnvironmentBill mandates transferring funds from open space and wildlife conservation accounts to a general reserve, effectively defunding environmental protection programs.85% confidence

Sub-Topics Audits & Accountability Drug Policy Law Enforcement Conservation Wildlife

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introduced · Illinois · House Jul 6, 2026

HB 5798: DIGITAL ASSET TAX ACT-REPEAL

This bill repeals the Digital Asset Tax Act, immediately ending the requirement for cryptocurrency exchanges in Illinois to collect a 1.5% tax on digital asset transactions. By removing the law from the books, the measure eliminates the obligation for these exchanges to withhold and remit taxes to the state. The change directly affects cryptocurrency platforms operating in Illinois and the investors who previously paid this specific tax on their trades.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill repeals a tax, directly reducing state revenue and weakening the budget topic.95% confidence ✓ TechnologySupports TechnologyRepealing a tax on digital assets reduces regulatory burdens and barriers for cryptocurrency technology, fostering innovation and market growth.85% confidence

Sub-Topics Emerging Technology

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in committee · Illinois · House May 19, 2026

HB 5782: GA COMP-COLAS PROHIBITED

Amends the Compensation Review Act. Provides that, in fiscal year 2027 and each fiscal year thereafter, members of the General Assembly are prohibited from receiving and shall not receive any increase in compensation that would otherwise apply based on a cost-of-living adjustment. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill restricts government spending by prohibiting legislators' cost-of-living compensation increases, effectively limiting budget allocations for legislative salaries.90% confidence ✗ VeteransOpposes VeteransBill prohibits cost-of-living adjustments for compensation, effectively reducing or freezing benefits for recipients.95% confidence

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in committee · Illinois · House Aug 28, 2026

HB 4736: ESTATE TAX-SPECIAL USE

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir". Effective January 1, 2027.

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exemption from $4M to $6M for farm estates, reducing state tax revenue and weakening tax collection for this category.90% confidence

Sub-Topics Tax Credits

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in committee · Illinois · House Mar 27, 2026

HB 5525: ESTATE TAX-EXCLUSION AMOUNT

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2027, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exclusion, reducing state tax revenue by aligning with federal standards and exempting more estates from Illinois tax.90% confidence

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in committee · Illinois · Senate Feb 2, 2026

SB 3155: INVEST IL-COUNTRIES OF CONCERN

Amends the Invest in Illinois Act. Provides that no award of economic incentives may be made under the Act to an entity if (i) the entity is organized under the laws of or has its principal place of business in a foreign country of concern or (ii) the government of a foreign country of concern has a controlling interest in the entity.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts state economic incentives to foreign entities, limiting government spending on targeted investments per bill's amendment to Invest in Illinois Act.95% confidence

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in committee · Illinois · Senate May 22, 2026

SB 3420: INC TAX-CHILD CARE

Amends the Illinois Income Tax Act. Provides that the tax credit for employee child care shall be (i) 30% of the start-up costs expended by the corporate taxpayer to provide a child care facility for the children of its employees and (ii) 10% (currently, 5%) of the annual amount paid by the corporate taxpayer in providing the child care facility for the children of its employees. Creates an income tax credit for corporate taxpayers that are qualified small businesses in an amount equal to 10% of the federal tax credit claimed by the taxpayer for the taxable year for qualified child care expenditures. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases corporate tax credits (30% start-up, 10% annual), reducing state revenue and weakening tax base per tax policy indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits for corporate child care facilities, incentivizing employer-provided benefits that support working parents' employment stability and reduce work-life conflict.95% confidence

Sub-Topics Income Tax Tax Credits

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passed · Illinois · House May 7, 2026

HB 4921: MUNI CD-COMMERCIAL OPERATIONS

Amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality may license and regulate all commercial operations within the municipality's boundaries, whether for profit or not for profit, but may not impose any tax upon their operations except as otherwise authorized by law. Limits the definition of "commercial operations" to exclude agritourism operations, agricultural properties, agribusinesses, agritourism activities, agricultural experiences, and pollution control facilities.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill prohibits municipalities from imposing taxes on commercial operations (excluding agriculture), restricting local tax authority and limiting potential revenue sources for municipal budgets.90% confidence

Tags Local Government

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