Budget & Taxes

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 · House Mar 21, 2025

HB 2861: DOMESTIC FRANCHISE TAX-REPEAL

Amends the Business Corporation Act of 1983. Provides that, on or after January 1, 2026 and prior to January 1, 2027, the first $100,000 in liability is exempt from the franchise tax payable by domestic corporations. Provides that, in the case of a domestic corporation, no payment is required for a franchise tax that would have been due and payable on or after January 1, 2027. Repeals the provision concerning franchise taxes payable by domestic corporations on January 1, 2027. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals corporate franchise tax, reducing state revenue and weakening tax base for budget management.95% confidence

Sub-Topics Business Taxes

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in committee · Illinois · House Mar 21, 2025

HB 1290: INC TX-CORPORATE HIRING

Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2026, each corporation that increases its average employee head count in the State by more than 10% over the corporation's average employee head count in the State in the immediately preceding taxable year is entitled to an income tax credit in an amount equal to 2% of the corporation's Illinois Income Tax liability for the taxable year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides corporate tax credit reducing state revenue, aligning with tax breaks for businesses per indicators.90% confidence

Sub-Topics Business Taxes

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passed · Illinois · House Feb 5, 2025

HR 119: STOP-TARIFF PLANS

This Illinois House resolution (HR 119) calls on President Trump to abandon proposed tariffs, arguing they would increase costs for Illinois families and businesses. It specifically highlights risks to Illinois agriculture (like soybeans), manufacturing, and the state's top trade relationships with Canada and Mexico - impacting thousands of jobs. The resolution does not create new laws but formally opposes the tariff plans based on economic projections of higher living costs and market instability. It is a symbolic statement, not a binding policy change.

Topics ✗ Budget & TaxesOpposes Budget & TaxesOpposes federal tariffs (taxes) that would increase costs for Illinois families/businesses, arguing against tax burdens on trade and economic instability.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill opposes tariffs harming Illinois jobs in agriculture/manufacturing, directly linking trade policy to employment impacts and economic stability for workers.85% confidence

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in committee · Illinois · Senate Apr 2, 2025

SB 1735: ESTATE TAX-PHASE OUT

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that the amount of the taxes imposed under the Act shall be reduced in each year by 20%. Provides that no tax shall be imposed under the Act for persons dying on or after January 1, 2030 or for transfers occurring on or after January 1, 2030. Provides that the Act is repealed on January 1, 2031. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesPhases out Illinois estate tax, eliminating a revenue source for state budget by reducing tax liability for high-value estates, aligning with tax cuts for wealthy individuals.95% confidence

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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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