Budget & Taxes

in committee · Illinois · House Jul 1, 2026

HB 2033: $SURS-TECH

Appropriates $2 from the General Revenue Fund to the State Universities Retirement System for its FY26 ordinary and contingent expenses. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2 from General Revenue Fund to fund SURS retirement system expenses, directly supporting budget allocation for a public retirement program.95% confidence

Sub-Topics Pensions Revenue State Budget

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in committee · Illinois · House Apr 10, 2025

HB 2475: NATL RESOURCES & AG LEGACY ACT

Creates the Natural Resources and Agricultural Legacy Act. Establishes the Illinois Natural Resources and Agricultural Legacy Fund as a special fund in the State treasury to be managed by the Department of Natural Resources for the purpose of making grants to qualified easement holders for (1) the purchase of conservation easements on qualified land; (2) the costs of acquisition related to the purchase of conservation easements approved by the program; and (3) the costs of ecological management and maintenance activities. Requires the Department to adopt rules to implement the Act. Establishes the Legacy Act Technical Advisory Committee in the Department. Contains legislative findings. Defines terms. Repeals the Local Legacy Act. Amends the State Finance Act. Creates the Illinois Natural Resources and Agricultural Legacy Fund as a special fund in the State treasury.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a new state fund for conservation grants, directly allocating state resources for public environmental programs.95% confidence ✓ EnvironmentSupports EnvironmentCreates fund for conservation easements and ecological management, directly advancing environmental protection through land conservation grants95% confidence

Sub-Topics Conservation

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in committee · Illinois · Senate Feb 25, 2025

SB 2530: $DCFS

Makes appropriations for the ordinary and contingent expenses of the Department of Children and Family Services for the fiscal year beginning July 1, 2025, as follows: General Funds $1,610,462,600; Other State Funds $846,568,900; Federal Funds $15,816,600; Total $2,472,848,100.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $2.47B to DCFS for essential child and family services, directly funding a public agency through budget appropriations.95% confidence

Sub-Topics State Budget

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in committee · Illinois · Senate Jun 1, 2026

SB 1406: USE/OCC TX-AIRCRAFT

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, for aircraft purchased on or after January 1, 2025, "use as rolling stock moving in interstate commerce" occurs when, during a 24-month period (currently, a 12-month period), the rolling stock has carried persons or property for hire in interstate commerce for more than 50% of its total trips for that period or for more than 50% of its total miles for that period. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends tax acts to extend threshold period, likely reducing tax liability for aircraft operators, aligning with tax relief indicators.85% confidence

Sub-Topics Business Taxes Sales Tax

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passed · Illinois · House Jun 2, 2025

HB 1432: ABLE ACCOUNT CONTRIBUTIONS

Amends the State Treasurer Act. Provides that, subject to appropriation, the State Treasurer may make a matching contribution of $50 to an ABLE account opened on or after January 1, 2026 for a beneficiary who is a resident of Illinois. Provides that the matching contribution shall be limited to one contribution per beneficiary and shall not be treated differently from any other contributions to the account. Provides that if there are insufficient funds available, the State Treasurer may reduce the matching contribution amount or forgo contributions. Provides that the Illinois ABLE Matching Contribution Fund shall be the official repository of all contributions, appropriated funds, interest, and dividend payments, gifts, or other financial assets received by the State Treasurer in connection with matching contributions to ABLE accounts. Amends the State Finance Act. Creates the Illinois ABLE Matching Contribution Fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesState allocates $50 per ABLE account from state budget, funding a public service program for disabled residents. Explicit budgetary commitment supports fiscal responsibility.95% confidence

Sub-Topics Appropriations

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in committee · Illinois · House Feb 25, 2025

HB 3921: $SECRETARY OF STATE-FY26

Makes appropriations from various funds to the Office of the Secretary of State for its ordinary and contingent expenses in State fiscal year 2026. Effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates state funds to Secretary of State's FY2026 expenses via appropriations, directly supporting state budget implementation for government operations.95% confidence

Sub-Topics State Budget

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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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