Budget & Taxes

in committee · Illinois · House May 30, 2026

HB 5125: REVENUE-CREDITS-DEDUCTIONS

Amends the Enterprise Zone Act. Provides that certain credits related to high impact businesses do not apply on or after the effective date of the amendatory Act. Amends the Illinois Income Tax Act. Provides that a construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Provides that a high impact business construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Makes changes concerning the business interest deduction. Creates an addition modification for the federal deduction for domestic research or experimental expenditures. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel, renewable diesel, and biodiesel blends. Makes other changes.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEnds tax credits for high-impact businesses and construction jobs, reducing available tax benefits and restricting tax breaks per bill's explicit language.95% confidence

Sub-Topics Income Tax Sales Tax Tax Incentives Tags Economic Development

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in committee · Illinois · House Mar 27, 2026

HB 5143: SPORTS WAGERING FUND

Amends the Sports Wagering Act. Provides that the tax imposed on each master sports licensee for each individual wager placed with the master sports licensee for sports wagering over the Internet or through a mobile application shall end on July 1, 2026. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEnds tax revenue source for Sports Wagering Fund, reducing government funding without new allocation. Title implies fund relies on this tax.85% confidence

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in committee · Illinois · Senate May 22, 2026

SB 3665: INC TAX-ENERGY CHOICE

Amends the Illinois Income Tax Act. Provides that a qualified taxpayer may apply to the Department of Revenue for an income tax credit in an amount equal to 20% of the wages paid by the qualified taxpayer to a qualified energy choice worker based in Illinois in the taxable year. Provides that the term "qualified taxpayer" means a taxpayer that is a regulated utility in the State of Illinois or a power generating company providing baseload or intermediate generation in Illinois and that meets specified criteria and is able to demonstrate an adverse and material operational impact to either its overall Illinois-based workforce or its ability to conduct business in Illinois based on the scheduled phaseout target dates of 2030, 2035, 2040, and 2045, as provided in Public Act 102-662. Sets forth limitations on the amount of the credit. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates corporate tax credit reducing state revenue, weakening budget through targeted tax break for energy companies.90% confidence ✓ EnergySupports EnergyProvides 20% tax credit for wages paid to energy sector workers by utilities/power generators, incentivizing workforce development in Illinois energy infrastructure.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · Senate May 14, 2026

SB 3789: ESTATE TAX-SPOUSAL EXCLUSION

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2027, if a valid election has been made under the Internal Revenue Code allowing a person to take into account a federal deceased spousal unused exclusion amount for the purposes of calculating the person's federal estate tax, then the person's Illinois exclusion amount shall include the Illinois deceased spousal unused exclusion amount for the deceased spouse with respect to whom the federal election was made. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExpands estate tax exclusion for wealthy estates, reducing state tax revenue by aligning with federal spousal exclusion rules, creating a tax break for high-net-worth individuals.85% confidence

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in committee · Illinois · Senate May 27, 2026

SB 3780: INC TX-LGDF

Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (currently, the amount transferred is equal to the sum of (i) 6.47% of the net revenue realized from the tax imposed upon individuals, trusts, and estates during the preceding month; (ii) 6.85% of the net revenue realized from the tax imposed upon corporations during the preceding month; and (iii) 6.47% of the net revenue realized from the tax imposed upon electing pass-through entities). Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces transfer to Local Government Distributive Fund from ~13.3% to 10% of income tax revenue, cutting local funding90% confidence

Sub-Topics Business Taxes Income Tax Revenue

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in committee · Illinois · House Mar 27, 2026

HB 5194: INC TAX-ENERGY CHOICE

Amends the Illinois Income Tax Act. Provides that a qualified taxpayer may apply to the Department of Revenue for an income tax credit in an amount equal to 20% of the wages paid by the qualified taxpayer to a qualified energy choice worker based in Illinois in the taxable year. Provides that the term "qualified taxpayer" means a taxpayer that is a regulated utility in the State of Illinois or a power generating company providing baseload or intermediate generation in Illinois and that meets specified criteria and is able to demonstrate an adverse and material operational impact to either its overall Illinois-based workforce or its ability to conduct business in Illinois based on the scheduled phaseout target dates of 2030, 2035, 2040, and 2045, as provided in Public Act 102-662. Sets forth limitations on the amount of the credit. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates business tax credit, reducing state tax revenue and weakening the budget. Fits 'weaken' in oppose indicators.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit for wages paid to energy choice workers, directly supporting compensation in the energy sector.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Feb 13, 2026

HB 5531: USE/OCC TX-FARM MACHINERY

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that an exemption for farm machinery and equipment applies if the equipment is used for certain purposes (currently, primarily used for those purposes).

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill expands tax exemptions for farm machinery, reducing state tax revenue and weakening the tax base per amended tax acts.90% confidence

Sub-Topics Sales Tax

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in committee · Illinois · Senate May 22, 2026

SB 3790: USE/OCC TX-MULTISTATE

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Reinstates the exemption for the use or sale of tangible personal property purchased from an Illinois retailer by a taxpayer engaged in centralized purchasing activities in Illinois. Provides that the exemption is repealed on June 30, 2031 (currently, June 30, 2016). Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExtends tax exemption for out-of-state purchases, reducing state tax revenue without offsetting measures, weakening fiscal management.85% confidence

Sub-Topics Procurement Sales Tax

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in committee · Illinois · House Feb 13, 2026

HB 5549: PROPERTY TAX EXTENSION CAP

Amends the Property Tax Code. Provides that whether or not a county is subject to the Property Tax Extension Limitation Law, if that county has enjoyed, and continues to enjoy, an aggregate extension increase of not less than 4.5% per year, and this aggregate extension increase has been enjoyed and is enjoyed cumulatively and in compound fashion for a period of not less than 3 years, then in the fourth and in all succeeding years the county shall be subject to an aggregate extension limitation increase that shall not exceed 3% per year. Provides that an exception to this countywide aggregate extension increase of 3% per year shall be enjoyed by a county that successfully seeks approval by referendum from release from this cap on countywide aggregate extensions.

Topics ✗ Budget & TaxesOpposes Budget & TaxesImposes a cap on cumulative property tax increases after 3 years of 4.5% annual growth, restricting tax extension limits per bill summary.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 3236: MUNI CD-TIF SURPLUS FUNDS

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that not more than 5% of all surplus funds in the special tax allocation fund may be distributed. Provides that surplus funds in the special tax allocation fund may be distributed not more than once every 10 years (rather than annually). Provides that, if the termination date for a redevelopment project area is extended beyond the 23rd calendar year after the year in which the ordinance approving the redevelopment project area was adopted, then following the 23rd calendar year, no surplus funds may be distributed until the redevelopment project area is terminated. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts annual TIF surplus distributions to 5% and limits to once every 10 years, limiting government spending from these funds.95% confidence

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