Budget & Taxes

in committee · Illinois · House Jul 1, 2026

HB 2022: $SERS-TECH

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

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates $2 from General Revenue Fund to fund SERS retirement system expenses, directly supporting state budget allocation for essential employee benefits.90% confidence

Sub-Topics Pensions Revenue State Budget

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in committee · Illinois · House Mar 21, 2025

HB 2811: EDGE WITHHOLDING-STEEL

Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain taxpayers that are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products may elect to claim the credit under the Act against their withholding tax liability instead of their income tax liability. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allows steel businesses to apply tax credit against withholding tax, providing targeted tax relief to support economic development under the Economic Development Tax Credit Act.90% confidence

Sub-Topics Income Tax Tax Incentives

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in committee · Illinois · House Jan 20, 2026

HB 1899: INC TX-OVERTIME DEDUCTION

Amends the Illinois Income Tax Act. Creates an income tax deduction for the amount of overtime compensation that is paid to the taxpayer during the taxable year and that is included in the taxpayer's federal adjusted gross income. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax deduction for overtime compensation, reducing taxable income and providing tax relief for workers earning overtime pay.95% confidence

Sub-Topics Income Tax

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in committee · Illinois · House Apr 7, 2025

HB 1609: PROP TX-NATURAL PRESERVATION

Amends the Property Tax Code. Provides that, for the purposes of assessment, property registered in perpetuity with the register of areas under the Illinois Natural Areas Preservation Act is considered to be encumbered by a public easement and shall be depreciated to a level at which its value is $5 per acre, and any improvement, dwelling, or other appurtenant structure present on that land shall be valued at 33 1/3% of its fair cash value. Provides that a conservation right on land preserving a habitat for plant and animal species that are native to Illinois (currently, State or federal endangered or threatened species or federal candidate species) is considered to provide a demonstrated public benefit. Provides that a conservation right on land located adjacent to a park, conservation area, nature preserve, or other land or water area that is publicly owned or otherwise permanently protected for conservation purposes is considered to provide a demonstrated public benefit if the conservation right on that land furthers the conservation purposes of the adjacent protected area. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces property tax burden for conservation areas by setting assessed value to $5/acre and limiting improvements to 33.3% of fair value.90% confidence ✓ EnvironmentSupports EnvironmentTax incentives for land preserved under natural areas act encourage conservation by devaluing protected land, reducing development pressure on conservation areas.95% confidence

Sub-Topics Conservation Parks & Recreation

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in committee · Illinois · House Feb 6, 2025

HB 2735: 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 income tax deduction for tips, reducing tax burden on service workers, aligning with tax relief indicators for lower/middle income.90% confidence

Sub-Topics Income Tax

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in committee · Illinois · House Mar 21, 2025

HB 3749: ELECTRIC TAX-ROAD FUND

Amends the Electricity Excise Tax Law. Provides that 100% of the funds received by the Department under the Act as a result of an electric vehicle charging station shall be deposited into the Road Fund. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill redirects 100% of electricity excise tax revenue from EV charging stations to Road Fund, directly funding infrastructure through tax allocation. This strengthens fiscal management by earmarking tax revenue for public service.90% confidence ✓ TransportationSupports TransportationRedirects EV charging tax revenue to Road Fund, directly funding transportation infrastructure per bill summary.95% confidence

Sub-Topics Electric Vehicles Transportation Funding

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in committee · Illinois · Senate Feb 26, 2025

SB 1175: DCEO-CHILD CARE REBATES

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall establish a property tax rebate program that allows licensed, not-for-profit child care centers that were obligated to pay property taxes to a unit of local government or special district in the State to apply to the Department for a rebate of those taxes. Grants the Department rulemaking authority to implement this provision. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes property tax rebates for child care centers, providing direct tax relief and reducing local government tax burdens on non-profits.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 21, 2025

HB 3245: PROP TX-ABATEMENT-BLIGHT

Amends the Property Tax Code. Creates an abatement for property located in a blighted area if the owner of the property enters into an agreement with the corporate authorities of the municipality in which the property is located for the renovation, demolition, or improvement of the property. Provides that the abatement shall apply for a period of 20 years. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 20-year property tax abatement in blighted areas, reducing tax burden for property owners (tax relief).90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Illinois · Senate Feb 25, 2025

SB 2605: $ JUDICIAL INQUIRY BOARD

This bill appropriates $847,900 from Illinois' General Revenue Fund to the Judicial Inquiry Board to cover its operational costs. It directly funds the board's day-to-day expenses and unforeseen needs, ensuring it can continue handling complaints against judges. The measure is purely financial with no policy changes or new requirements. It does not affect the public or specific groups beyond supporting the board's existing functions. The funding takes effect July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $847,900 from General Revenue Fund to fund Judicial Inquiry Board operations, directly supporting budgetary allocation for essential state functions without policy changes.95% confidence ✓ Criminal JusticeSupports Criminal JusticeFunds Judicial Inquiry Board to handle judge complaints, ensuring court oversight within criminal justice system without policy changes.95% confidence

Sub-Topics Revenue

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in committee · Illinois · House Mar 21, 2025

HB 1725: INC TX-LOCAL MEDIA

Amends the Illinois Income Tax Act. Provides that a qualified small business may apply to the Department of Commerce and Economic Opportunity for an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for qualified advertising with a local news organization. Provides that the credit may not exceed $2,500 per eligible taxpayer in any taxable year. Provides that the aggregate amount of all tax credits awarded by the Department under the amendatory Act in any calendar year may not exceed $3,000,000. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for small businesses advertising with local news, reducing taxable income and providing tax relief.95% confidence

Sub-Topics Income Tax Tax Credits

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