Budget & Taxes

in committee · Illinois · Senate Apr 30, 2025

SB 2038: ESTATE TAX-COMPUTATION

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, the amount of the Illinois estate tax shall be the amount of the Illinois taxable estate, multiplied by the Illinois estate tax rate. Sets forth the estate tax rate. Provides that the "Illinois taxable estate" means the decedent's federal gross estate, subject to certain modifications, including a deduction in the amount of $4,000,000. Makes conforming changes with respect to the generation-skipping transfer tax. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exemption to $4M, reducing state revenue from high-value estates, creating tax break for wealthy individuals.92% confidence

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in committee · Illinois · House Mar 21, 2025

HB 1826: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Provides that, beginning in taxable year 2027, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief for low-income seniors by increasing income threshold and indexing to CPI, aligning with tax relief for lower income.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 21, 2025

HB 2872: EDGE-PHARMACY

Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain taxpayers that are primarily engaged in the business of pharmacy, health, and wellness may elect to claim the Credit under the Act against their obligation to pay over withholding taxes under the Illinois Income Tax Act.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for pharmacy businesses under economic development act, reducing tax liability for eligible entities to promote sector growth.90% confidence

Sub-Topics Tax Incentives

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in committee · Illinois · House Mar 27, 2026

HB 3410: PROP TX-ABATEMENT

Amends the Property Tax Code. Provides that any qualified resident of a cultural district designated by the Department of Commerce and Economic Opportunity may petition the corporate authorities of any taxing district in which the person resides to abate up to one-half of the property tax levied against homestead property occupied as a primary residence by the qualified resident.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax abatement (reducing tax burden) for homestead owners in cultural districts, directly offering tax relief.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Jun 2, 2025

SB 99: PROP TX-VETERANS

Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities and veterans of World War II, provides that, if the taxpayer is the surviving spouse of a veteran whose death was determined to be service-connected or (currently, and) the taxpayer is certified by the United States Department of Veterans Affairs as a recipient of dependency or indemnity compensation (currently, dependency and indemnity compensation), then the first $250,000 in equalized assessed value of the property is exempt from taxation under the Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands property tax exemption for veterans and surviving spouses, providing direct tax relief under Budget & Taxes topic.95% confidence ✓ VeteransSupports VeteransExpands homestead tax exemption for veterans' surviving spouses receiving VA dependency compensation, providing financial relief to eligible veterans' families.95% confidence

Sub-Topics Property Tax Veteran Benefits Veteran Education Veteran Housing

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in committee · Illinois · Senate May 13, 2025

SB 2660: PROP TX-POLICE PENSIONS

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a special purpose extension made by a non-home rule municipality for mandatory contributions to a police pension fund or a firefighters' pension fund is not considered part of the municipality's aggregate extension, but only for the first year during which the levy is ever imposed by the non-home rule municipality. Provides that certain levies made under the Illinois Pension Code are not considered new rates.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts police/firefighter pension levies from property tax cap, enabling municipalities to fund essential public safety pensions without exceeding tax limits.90% confidence ✓ Criminal JusticeSupports Criminal JusticeBill enables municipalities to fund police pensions without tax extension limits, directly supporting law enforcement financial stability under criminal justice policy.85% confidence

Sub-Topics Pensions Property Tax Policing

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in committee · Illinois · Senate Apr 8, 2025

SB 2624: $DHS-2-1-1 SERVICES

SB 2624 appropriates $5,000,000 from the General Revenue Fund to the Department of Human Services for statewide 211 services, effective July 1, 2025. This bill provides dedicated funding to support the 211 information and referral system, which connects residents to community resources like housing, food assistance, and health services. It directly affects the Department of Human Services and the public accessing these statewide support services. The legislation is procedural, focusing solely on funding allocation without altering service policies or eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $5M from General Revenue Fund for 211 services, directly increasing public service funding under budget allocation.95% confidence ✓ HousingSupports HousingBill funds 211 system (housing referrals included) via $5M appropriation to DHS, directly connecting residents to housing resources as part of statewide support services.95% confidence

Sub-Topics Revenue

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in committee · Illinois · House Aug 17, 2026

HB 2606: INC TX-PREGNANCY RESOURCE

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 50% of the contributions made by the taxpayer during the taxable year to one or more qualifying pregnancy resource centers. Provides that the term "qualifying pregnancy resource center" means a nonprofit organization that is exempt from taxation under Section 501(c) of the Internal Revenue Code and is established for the purpose of providing free assistance to pregnant women in carrying their pregnancies to term.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% income tax credit for donations to pregnancy resource centers, providing tax relief to incentivize support for essential services.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for donations to pregnancy resource centers offering free assistance to pregnant women, supporting maternal health services access.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · Senate May 22, 2026

SB 219: INC TX-POLICE OVERTIME

Amends the Illinois Income Tax Act. Creates an income tax deduction for taxpayers who are law enforcement officers in an amount equal to the amount of overtime compensation that is paid to the taxpayer during the taxable year for the taxpayer's service as a law enforcement officer and that is included in the taxpayer's federal adjusted gross income. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for law enforcement overtime, providing tax relief to officers under Illinois Income Tax Act.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax deduction for law enforcement overtime pay, effectively increasing disposable income for a specific worker group within Labor & Employment.85% confidence

Sub-Topics Labor Standards

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in committee · Illinois · House Mar 21, 2025

HB 2697: INC TX-ESTIMATED TAX

Amends the Illinois Income Tax Act. In provisions concerning the estimated tax, provides that the required annual payment is the lesser of: (i) 90% of the tax shown on the return for the taxable year, or if no return is filed, 90% of the tax for the year; (ii) 100% of the tax shown on the return of the taxpayer for the preceding taxable year if a return showing a liability for tax was filed by the taxpayer for the preceding taxable year and the preceding year was a taxable year of 12 months; or (iii) 90% of the tax for the taxable year that would have been due based on the Act as it exists on the first day of the taxable year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts estimated tax calculation to potentially lower payments by allowing lesser of two options, aligning with tax relief indicators without specifying income brackets.85% confidence

Sub-Topics Income Tax

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