Budget & Taxes

in committee · Illinois · Senate Jun 2, 2025

SB 1645: INC TX-STANDARD EXEMPTION

Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2025, the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and their spouses is $2,000 (currently, $1,000). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax exemption for seniors (65+), reducing taxable income. Direct tax relief aligns with supporting lower-income tax relief policies.90% confidence

Sub-Topics Income Tax

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in committee · Illinois · Senate Jun 2, 2025

SB 1977: PROP TX-HOMESTEAD

Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesSets income limit for homestead exemption, providing tax relief for low-income seniors, aligning with fiscal responsibility and tax relief indicators.85% confidence ✓ HousingSupports HousingBill establishes income limits for senior homestead tax exemption, protecting low-income homeowners from property tax increases, advancing housing affordability for vulnerable residents.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · Illinois · House Mar 21, 2025

HB 2604: INC TX-LONG TERM CARE

Amends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to the out-of-pocket costs incurred by a taxpayer during the taxable year for expenses associated with long-term care for the taxpayer or the taxpayer's family member. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax deduction for long-term care expenses, providing tax relief to taxpayers with out-of-pocket medical costs.95% confidence ✓ HealthcareSupports HealthcareCreates tax deduction for long-term care expenses, reducing out-of-pocket costs and improving access to healthcare services.85% confidence

Sub-Topics Long-Term Care

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in committee · Illinois · House May 14, 2025

HB 3253: PROP TX-HOMESTEAD

Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesSets income limit for senior tax exemption, providing relief for low-income homeowners through property tax assessment freeze90% confidence ✓ HousingSupports HousingProvides tax relief for low-income seniors via homestead exemption, maintaining housing affordability for this demographic without restricting housing development or tenant protections.75% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · Illinois · Senate Mar 6, 2025

SB 1729: LABOR DISPUTES-BENEFITS

Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to any strike benefits paid to the taxpayer during the taxable year by a labor organization, union, or similar entity during a strike, work stoppage, or labor dispute. Amends the Unemployment Insurance Act. Provides that, if an individual's unemployment is due to a stoppage of work that exists because of a labor dispute, then the individual is ineligible for benefits for a period of not more than one week. Provides that, after the expiration of that one week period, the individual shall be eligible for benefits. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for strike benefits, providing direct tax relief to workers during labor disputes, aligning with tax relief indicators for lower/middle income.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates tax deduction for strike benefits (directly supports workers' income during disputes), with minimal unemployment benefit restriction (1-week limit) that doesn't override the primary supportive measure.90% confidence

Sub-Topics Collective Bargaining Unemployment

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in committee · Illinois · Senate Feb 25, 2025

SB 2548: $ISP

Makes appropriations for the ordinary and contingent expenses of the Illinois State Police for the fiscal year beginning July 1, 2025, as follows: General Funds $452,520,100; Other State Funds $467,350,000; Federal Funds $40,000,000; Total $959,870,100.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $959.87M in state funds to Illinois State Police for FY2025, funding essential public safety operations per appropriations language.95% confidence

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in committee · Illinois · House Mar 21, 2025

HB 1791: PROP TX-ENERGY STORAGE

Amends the Property Tax Code. Provides that the fair cash value of commercial energy storage system improvements in counties with fewer than 3,000,000 inhabitants shall be determined by subtracting the allowance for physical depreciation from the commercial energy storage system trended real property cost basis. Provides that those commercial energy storage systems are not subject to equalization factors applied by the Department of Revenue or by any board of review, assessor, or chief county assessment officer. Provides that the owner of the commercial energy storage system shall commission a metes and bounds survey description of the land upon which the commercial energy storage system is located. Contains other provisions concerning the assessment of commercial energy storage systems. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends property tax code to reduce valuation of energy storage systems, providing tax relief for commercial entities.90% confidence ✓ EnergySupports EnergyProvides tax incentives for commercial energy storage systems, promoting renewable energy infrastructure adoption by reducing property tax burdens.90% confidence

Sub-Topics Property Tax Energy Storage

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in committee · Illinois · House Mar 21, 2025

HB 1896: ELECTRIC TX-VEHICLES

Amends the Electricity Excise Tax Law. Provides that, beginning July 1, 2025, the tax under the Act is imposed on the operator of an electric vehicle charging station for the electric power transferred for the purpose of charging an electric vehicle. Provides that the tax is not imposed on a person who purchases electricity at an electric vehicle charging station to charge or recharge the battery or other energy storage device of an electric vehicle or on a person who acquires such electricity for free. Provides that the term "purchase price" includes consideration paid by an operator of an electric vehicle charging station to its supplier for the electrical power transferred to the operator's customers for the purpose of charging or recharging the battery or other energy storage device of an electric vehicle. Provides that the term "purchase price" does not include the consideration paid to an operator of an electric vehicle charging station by its customer for the electrical power transferred to charge or recharge the battery or other energy storage device of an electric vehicle. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new tax on EV charging station operators, generating state revenue without taxing end-users, directly supporting state budget through increased tax collection.90% confidence ✗ EnergyOpposes EnergyImposes tax on EV charging station operators (not end-users), increasing infrastructure costs and potentially hindering EV adoption, a clean energy initiative.85% confidence

Sub-Topics Sales Tax Electric Vehicles Energy Storage

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in committee · Illinois · Senate Feb 25, 2025

SB 2601: $STATE BOARD OF ELECTIONS

Appropriates $32,196,800 from the General Revenue Fund to the State Board of Elections for operational expenses, grants, and reimbursements for the 2026 fiscal year. Appropriates $1,000,000 from the Elections Special Projects Fund to the State Board of Elections for operational expenses, grants, and reimbursements. Appropriates $3,511,000 from the Personal Property Tax Replacement Fund to the State Board of Elections for its ordinary and contingent expenses. Appropriates $11,661,100 from the Help Illinois Vote Fund to the State Board of Elections for implementation of the Help America Vote Act of 2002. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates $48.3M+ from state funds to State Board of Elections for operations, directly funding a government agency under budget management.95% confidence

Sub-Topics Revenue

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in committee · Illinois · House Mar 21, 2025

HB 1450: INC TX-IGROW CHECKOFF

Amends the Illinois Income Tax Act. Creates the Illinois Graduate and Retain Our Workforce (iGROW) Tech Scholarship Fund checkoff. Provides that, through the checkoff, taxpayers may contribute to the Illinois Graduate and Retain Our Workforce (iGROW) Tech Scholarship Fund. Amends the State Finance Act to create the Illinois Graduate and Retain Our Workforce (iGROW) Tech Scholarship Fund. Provides that moneys in the Fund shall be used by the Illinois Student Assistance Commission for the purpose of awarding iGROW Tech scholarships. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates voluntary income tax checkoff to fund tech scholarships, directing taxpayer contributions to education programs under state tax code.90% confidence ✓ EducationSupports EducationCreates iGROW Tech Scholarship Fund via tax checkoff, providing funding for student access to tech education programs through Illinois Student Assistance Commission.95% confidence

Sub-Topics Student Financial Aid

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