Budget & Taxes

in committee · Illinois · Senate May 30, 2025

SB 1835: INC TAX-MANUFACTURING

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged area, 15% of those expenditures. Provides that the total amount of credits awarded under these provisions may not exceed $10,000,000 for any particular taxpayer in any taxable year, except that, if the capital investment is made in a rural or economically challenged area, then the maximum amount awarded for any particular taxpayer in any taxable year shall be $20,000,000. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 10-15% tax credit for manufacturing capital expenditures, reducing business tax burden and incentivizing investment in rural/economically challenged areas.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House May 20, 2025

HB 4060: SR CITIZEN INCOME ELIGIBILITY

Amends the Senior Citizens and Persons with Disabilities Property Tax Relief Act. In provisions regarding income eligibility levels for programs that use the income limits in the Act for eligibility determinations, requires the Department on Aging to adopt rules such that beginning January 1, 2027, and every January 1 thereafter, the income eligibility limits shall be adjusted to extend eligibility to households having an annual household income that is at or below 400% of the federal poverty level for the applicable family size.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief eligibility to households at or below 400% of federal poverty level, providing tax relief for lower-income seniors/disabled individuals.95% confidence ✓ HousingSupports HousingBill extends property tax relief eligibility to households at or below 400% federal poverty level, increasing affordability for seniors/disabled, thus supporting affordable housing.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · Senate Jun 2, 2025

SB 1282: SR CITIZEN INCOME ELIGIBILITY

Amends the Senior Citizens and Persons with Disabilities Property Tax Relief Act. In a provision setting forth the specified household income eligibility limits used to determine eligibility for reduced vehicle registration fees and free transit services, provides that the Department on Aging shall (rather than may) adopt rules such that on January 1, 2026, and thereafter, the specified household income eligibility limits shall be changed to reflect the annual cost of living adjustment in Social Security and Supplemental Security Income benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts income limits for tax relief program to reflect annual COLA, maintaining eligibility for seniors/disabled for reduced fees/transit, ensuring ongoing tax relief continuity.95% confidence ✓ TransportationSupports TransportationAmends eligibility for free transit services by mandating annual income adjustments, directly expanding access to public transportation for seniors/disabled populations.90% confidence

Sub-Topics Property Tax Driver Licensing Vehicle Registration

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in committee · Illinois · House Jul 1, 2026

HB 2032: $SUPREME CT-TECH

HB 2032 appropriates $2 from the General Revenue Fund to the Supreme Court. This funding is designated for the court's ordinary and contingent expenses for Fiscal Year 2026, becoming effective on July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2 from General Revenue Fund to Supreme Court for FY2026, directly funding essential state court operations within budget framework.95% confidence

Sub-Topics Revenue State Budget

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in committee · Illinois · House May 20, 2025

HB 3871: INC TX-NIL DEDUCTION

Amends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to the amount of compensation that is earned during the taxable year by a taxpayer who is a student-athlete from the taxpayer's name, image, and likeness and that is included in the taxpayer's federal adjusted gross income for the taxable year.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for student-athletes' NIL income, reducing taxable income and tax liability. Directly provides tax relief per 'support' indicators for tax relief measures.95% confidence

Sub-Topics Income Tax

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in committee · Illinois · Senate Jun 17, 2026

SB 1647: INC TX-EDUCATION

Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are the custodians of one or more children who attend an eligible preschool program in the State during the taxable year. Provides that the amount of the credit shall be 100% of the eligible expenses incurred by the taxpayer during the taxable year in sending the child to the eligible preschool program, but not to exceed $1,500 per child. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for preschool expenses, reducing tax burden for eligible families, aligning with tax relief for middle-income households.95% confidence ✓ EducationSupports EducationCreates tax credit for preschool expenses, increasing access to early education programs and supporting families with educational costs.95% confidence

Sub-Topics Early Childhood

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in committee · Illinois · House Mar 27, 2026

HB 2592: PROP TX-CONDO ABATEMENT

Amends the Property Tax Code. Provides that any taxing district may, after the determination of the assessed valuation of its property, order the county clerk to abate any portion of its taxes on any qualified condominium property. Provides that the amount of the abatement may not exceed the special assessments imposed against the property by the condominium association during the taxable year. Provides that "qualified condominium property" means a condominium that is located in a low-income community and with respect to which the condominium association has imposed a special assessment for repairs during the taxable year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax abatement for low-income condominium properties, reducing their tax burden per Property Tax Code amendment.92% confidence ✓ HousingSupports HousingProvides tax abatement for low-income condominiums, reducing housing costs and advancing affordability per Property Tax Code amendment.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · Illinois · House Jul 1, 2026

HB 2036: $TRS-TECH

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

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2 from General Revenue Fund to Teachers' Retirement System for FY26 expenses, directly funding a public service program.90% confidence

Sub-Topics Pensions Revenue State Budget

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in committee · Illinois · House Mar 27, 2026

HB 2996: PROP TX-CELL TOWERS

Amends the Property Tax Code. Provides that wireless telecommunication towers that are not otherwise exempt under a specific provision of the Code are subject to local property taxes and shall be valued according to policies adopted by the chief county assessment officer. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires cell towers to pay local property taxes, closing a previous exemption and increasing tax revenue, aligning with fiscal responsibility and tax base expansion.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Aug 6, 2026

SB 1718: USE/OCC TAX-SCHOOL HOLIDAY

Creates the Back-to-School Sales Tax Holiday Act. Provides that no sales tax shall be imposed on eligible merchandise purchased by any individual or entity in the State of Illinois during the sales tax holiday period. Provides that the sales tax holiday period is the period beginning at 12:01 a.m. on the first Friday in August and ending at 11:59 p.m. on the following Sunday. Provides that "sales tax" means the taxes imposed under the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates temporary sales tax exemption for back-to-school items, providing direct tax relief to families during specified period.95% confidence

Sub-Topics Sales Tax

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