Budget & Taxes

in committee · Illinois · House Jan 6, 2026

HJR 18: TAX REVENUE POLICIES

Urges the State of Illinois to make needed investments in Illinois communities by raising $6 billion in new revenue from the ultra-wealthy and mega-corporations. Affirms that, in addition to funding these critically-needed services, implementing these revenue policies will have the benefit of making our State's tax system less unfair to the lowest income Illinoisans.

Topics ✓ Budget & TaxesSupports Budget & TaxesUrges raising $6B from ultra-wealthy/corporations to fund communities and reduce tax unfairness for low-income residents, aligning with progressive tax policy indicators.95% confidence

Sub-Topics Revenue

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in committee · Illinois · House Aug 22, 2025

HB 1192: INC TX-PROP TX CREDIT

Amends the Illinois Income Tax Act. Provides that, if the amount of the credit for residential real property taxes exceeds the taxpayer's liability, that amount shall be refunded if the taxpayer is 65 years or older and has a federal adjusted gross income of not more than $50,000. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax refund for seniors with AGI ≤$50k, offering targeted tax relief to lower-income seniors under Illinois tax code.95% confidence

Sub-Topics Income Tax

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in committee · Illinois · Senate Feb 4, 2025

SB 1526: PROP TX-ENERGY STORAGE

Amends the Property Tax Code. Provides that the fair cash value of commercial energy storage system improvements in counties with fewer than 3,000,000 inhabitants shall be determined by subtracting the allowance for physical depreciation from the commercial energy storage system trended real property cost basis. Provides that those commercial energy storage systems are not subject to equalization factors applied by the Department of Revenue or by any board of review, assessor, or chief county assessment officer. Provides that the owner of the commercial energy storage system shall commission a metes and bounds survey description of the land upon which the commercial energy storage system is located. Contains other provisions concerning the assessment of commercial energy storage systems. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reduces taxable value of commercial energy storage systems via property tax code amendment, providing direct tax relief for businesses in qualifying counties.92% confidence ✓ EnergySupports EnergyTax exemption for commercial energy storage systems reduces costs, promoting renewable energy infrastructure adoption by incentivizing investment in storage technology.95% confidence

Sub-Topics Property Tax Energy Storage

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in committee · Illinois · House Feb 5, 2025

HR 95: NO TAX INCREASES

This is a non-binding House resolution (HR 95), not a bill with enforceable policy. It states that Illinois House members commit to not voting for any tax increases to balance the state's budget for the 104th General Assembly. The resolution cites concerns about existing tax hikes (like corporate loss extensions and high gas taxes) and warns against proposed tax plans for pension funding, but it does not change any tax laws or directly affect residents. As a procedural statement, it has no legal effect on current or future tax policy.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly commits House members to oppose tax increases for budget balancing, directly restricting tax hikes as a policy stance.95% confidence

Sub-Topics Pensions

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in committee · Illinois · House Mar 21, 2025

HB 2660: PROP TX-ASSESSMENT LIMIT

Amends the Property Tax Code. Provides that, in all counties, any change in assessment resulting from reassessment in the general assessment year shall not exceed the lesser of the following: (1) 3% of the assessed value of the property for the prior year; or (2) the percentage change in the Consumer Price Index during the 12-month calendar year preceding the assessment year. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesLimits annual property tax assessment increases to 3% or CPI, restricting government revenue growth from property taxes.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Jan 28, 2025

HB 1342: INVEST IN KIDS-REENACT

HB 1342 makes Illinois' Invest in Kids tax credit program permanent, allowing Illinois taxpayers to claim credits for donations to approved scholarship organizations. The program provides scholarships to low-income students (from families earning under 300% of the federal poverty level) attending non-public schools in Illinois, covering necessary school costs like tuition and fees. Taxpayers receive a credit equal to their contribution amount, with scholarship grants capped at the school's required costs. The bill permanently amends the Illinois Income Tax Act to implement this education funding mechanism, effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits for donations funding scholarships for low-income students, advancing education funding through tax incentives.90% confidence ✓ EducationSupports EducationPermanently expands educational access for low-income K-12 students via tax-credit-funded scholarships to non-public schools, increasing funding opportunities.95% confidence

Sub-Topics School Choice Student Financial Aid

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in committee · Illinois · Senate May 22, 2026

SB 62: BUILD ILLINOIS HOMES ACT

Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits for low-income housing developers, reducing tax burden and promoting affordable housing initiatives under Illinois tax policy.95% confidence ✓ HousingSupports HousingProvides tax credits for low-income housing development, incentivizing affordable housing construction under the Build Illinois Homes Act.95% confidence

Sub-Topics Affordable Housing Housing Finance

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in committee · Illinois · House Aug 14, 2025

HB 3724: PROP TX-GENERAL HOMESTEAD

Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for the immediately preceding taxable year. Contains provisions concerning the reallocation of property tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesCaps annual property tax increases for homestead exemptions, providing relief to homeowners by limiting annual tax bill growth to 103% of prior year.92% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Jan 28, 2025

HJR 2: COMMISSION ON FISCAL REFORM

Urges the creation via legislation of the Illinois Commission on Fiscal Responsibility and Reform, whose purpose shall be to examine the extent to which current practices of the executive agencies either conform to or fall short of established laws, regulations and best practices, and to determine the fiscal impact which the State realizes as a result of falling short of compliance with such practices.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates commission to examine fiscal compliance and promote fiscal responsibility, directly aligning with 'promotes fiscal responsibility' indicator.95% confidence

Sub-Topics Audits & Accountability State Budget

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in committee · Illinois · House Jan 28, 2025

HB 1637: MOTOR FUEL-NO CPI INCREASE

Amends the Motor Fuel Tax Law. Provides that an increase in the rate of tax based on the change in the Consumer Price Index shall not occur from July 1, 2025 until July 1, 2027. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents automatic motor fuel tax increase tied to inflation, providing temporary tax relief for consumers and businesses.95% confidence ✗ TransportationOpposes TransportationFreezes motor fuel tax CPI adjustments, restricting potential transportation infrastructure funding increases during 2025-2027.85% confidence

Sub-Topics Transportation Funding

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