Budget & Taxes

in committee · Illinois · House Jan 20, 2026

HB 1898: 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 tax deduction for tips, reducing taxable income for service workers, providing tax relief to lower/middle income earners.90% confidence

Sub-Topics Income Tax

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in committee · Illinois · Senate Jun 2, 2025

SB 146: INC TX-SMALL BUSINESS CREDIT

Amends the Illinois Income Tax Act. Creates a credit for certain small businesses in an amount equal to the lesser of (i) 10% of the property taxes paid by the qualified small business during the taxable year for eligible real property or (ii) $1,500. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses, reducing their tax burden under Illinois Income Tax Act95% confidence

Sub-Topics Business Taxes Tags Small Business

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in committee · Illinois · House Aug 17, 2026

HB 3013: INC TX-FOSTER CARE

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the credit may be prorated. Provides that the credit is refundable if the taxpayer's federal adjusted gross income for the taxable year does not exceed $50,000. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable income tax credit for foster care expenses under $50k AGI, providing direct tax relief to lower-income families caring for dependent children.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Jan 6, 2026

HB 1733: ESTATE TAX INFLATION FIX

Specifies that the amendatory Act may be referred to as the Estate Tax Threshold Fix Law. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026 and prior to January 1, 2028, the exclusion amount shall be the applicable exclusion amount calculated under the Internal Revenue Code (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the greater of (i) the applicable exclusion amount calculated under the Internal Revenue Code or (ii) the exclusion amount amount that would have been calculated under the Internal Revenue Code if the decedent had died in calendar year 2027. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exclusion, reducing state revenue through tax break for wealthy estates.90% confidence

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in committee · Illinois · House Mar 13, 2025

HB 1729: INC TX-TECHNICAL CAREERS

Creates the Reinvest in Future Technical Careers Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who make authorized contributions to scholarship granting organizations for the purpose of awarding scholarships to eligible students who attend technical academies. Sets forth limitations with respect to the aggregate amount of credits awarded by the Department of Revenue under the program in a calendar year and the amount of credits awarded to an individual taxpayer. Amends the Illinois Income Tax Act to make conforming changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credits for contributions to technical education scholarships, providing tax relief to donors and funding educational programs through fiscal incentives.95% confidence ✓ EducationSupports EducationProvides tax credits for scholarships to technical academy students, increasing access to career-focused education funding through private contributions.95% confidence

Sub-Topics Career & Technical Education Student Financial Aid

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in committee · Illinois · Senate Feb 4, 2026

SB 1807: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. In provisions concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that, for taxable years 2026 and thereafter, the maximum income limitation is $85,000 (currently, $65,000). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands senior property tax exemption eligibility by raising income cap from $65k to $85k, providing tax relief for fixed-income seniors per Budget & Taxes indicators.95% confidence ✓ HousingSupports HousingIncreases senior property tax exemption income limit, reducing housing costs for homeowners and advancing affordability for seniors.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · House Feb 7, 2025

HB 2668: NOTE ACTS-NOTE REQUIRED

Amends the Fiscal Note Act, the Judicial Note Act, the State Debt Impact Note Act, the Correctional Budget and Impact Note Act, the Home Rule Note Act, the Balanced Budget Note Act, the Housing Affordability Impact Note Act, and the Racial Impact Note Act. Provides, in each of the affected Acts, that no rule of either house may authorize or require a note request to be deemed inapplicable. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends fiscal note acts to maintain mandatory budget impact assessments, promoting fiscal transparency and accountability in legislative processes.92% confidence

Sub-Topics Audits & Accountability Debt & Bonds

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in committee · Illinois · House Mar 27, 2026

HB 2789: PROP TX-MEGA PROJECT

Amends the Property Tax Code. Provides that property certified by the Department of Revenue as mega project property is eligible for an assessment freeze. Provides that, if property is certified as mega project property, then, during the incentive period, the value added to the property by the project shall not be considered for assessment purposes, and the total valuation of the property during the incentive period shall be limited to the base year valuation. Provides that "mega project" means a project that satisfies certain minimum investment, investment period, and other requirements. Contains provisions concerning incentive agreements between a company that plans to undertake a mega project and a local municipality obligating the company to make special payments in addition to property taxes. Effective June 1, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill provides property tax assessment freeze for mega projects, reducing state revenue by exempting project value increases. Creates tax breaks for large businesses, aligning with 'oppose' indicators.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Illinois · House Mar 21, 2025

HB 3841: PROP TX-PARK DISTRICT

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the debt service extension base shall be suspended for park districts for the 2026 levy year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill suspends property tax extension base for park districts, enabling higher tax levies for debt service to fund park projects, aligning with fiscal management for public services.85% confidence

Sub-Topics Debt & Bonds

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in committee · Illinois · Senate Jun 1, 2026

SB 2673: $FY26-GRAND TOWER/TOWER ROCK

Senate Bill 2673 appropriates money from the General Revenue Fund. These funds are designated for specified units of local government to cover their expenses for Fiscal Year 2026. The bill is scheduled to become effective on July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill appropriates General Revenue Fund for local government FY2026 expenses, directly funding government operations per budget & taxes topic.90% confidence

Sub-Topics Revenue

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