Budget & Taxes

in committee · Illinois · House Feb 6, 2026

HB 4871: PROP TX-LONG-TIME OCCUPANT

Amends the Property Tax Code. Provides that, beginning with taxable year 2027, the long-time occupant homestead exemption applies in all counties. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands homestead exemption, reducing property taxes for long-term homeowners, providing tax relief per Property Tax Code amendment.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Jul 1, 2026

HB 5115: $CHICAGO CULTURAL DISTRICT

Appropriates $5,200,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for grants to the Cook County to be used as supplemental funding for the Build Up Cook program. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $5.2M from General Revenue Fund for cultural district grants, increasing public service funding per budget/tax topic indicators.95% confidence

Sub-Topics Revenue

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in committee · Illinois · Senate Feb 6, 2026

SB 3884: REVENUE-CHILD CARE

Creates the Extremely High Wealth Mark-to-Market Tax Act. Provides that a resident taxpayer with net assets worth $1,000,000,000 or more shall recognize gains or losses as if each asset owned by that taxpayer had been sold for its fair market value on December 31 of the taxable year. Contains provisions concerning the calculation of the amount of tax due from those gains or losses. Amends the Illinois Income Tax Act to make conforming changes. 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 develop a child care assistance program that includes child care subsidies and has benchmarks for limiting co-payments, by the year 2030, to no more than 7% of a family's income. Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2027, the corporate income tax rate shall be 9% (currently, 7%). Effective immediately

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes mark-to-market tax on ultra-wealthy ($1B+ net assets), increasing tax revenue from high-net-worth individuals per Illinois Income Tax Act amendments.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Illinois · House Feb 19, 2026

HB 5627: $FY27 GOV OCE

Makes appropriations for the ordinary and contingent expenses of the Office of the Governor for the fiscal year beginning July 1, 2026 as follows: General Funds $19,750,000; Other State Funds $5,800,000; Total $25,550,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $25.55M for Governor's Office operations via FY2027 budget, directly funding state fiscal management and government functions.95% confidence

Sub-Topics State Budget

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in committee · Illinois · House Mar 27, 2026

HB 5202: SR CITIZEN INCOME ELIGIBILITY

Amends the Senior Citizens and Persons with Disabilities Property Tax Relief Act. Requires the income eligibility levels used to determine eligibility for reduced vehicle registration fees for seniors and persons with disabilities to be adjusted every 3 years by an amount equal to the percentage increase, if any, in the consumer price index-u during the preceding 12-month calendar year. Provides that the new amount resulting from each 3-year adjustment shall be determined by the Comptroller and provided by the Comptroller to the Department on Aging. Requires the Department on Aging to determine the dates upon which the new adjusted amounts take effect and to publish the adjusted amounts.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts tax relief eligibility for inflation, maintaining program effectiveness for seniors/disabled under property tax relief program95% confidence

Sub-Topics Audits & Accountability Property Tax Tags Seniors

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in committee · Illinois · House Mar 27, 2026

HB 5556: STATEWIDE INNOVATION-PILOT

Amends the Statewide Innovation Development and Economy Act. Creates a New Opportunities for Vacation and Adventure Urban District or NOVA urban district. Sets forth the capital investment and job creation requirements to be certified as a NOVA urban district. Amends the Property Tax Code. Creates the Megaproject Assessment Freeze and Payment Law. Provides that property that receives a megaproject certificate from the Department of Commerce and Economic Opportunity is eligible for an assessment freeze. Contains provisions concerning megaproject incentive agreements.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax assessment freeze for certified megaprojects, providing tax relief to qualifying businesses under new Megaproject Assessment Freeze Law.92% confidence

Sub-Topics Property Tax Tax Incentives Tags Economic Development

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in committee · Illinois · Senate Feb 25, 2026

SB 4138: $FY27 PTAB OCE

Makes appropriations for the ordinary and contingent expenses of the Property Tax Appeal Board for the fiscal year beginning July 1, 2026, as follows: Other State Funds $13,833,400.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $13.8M for PTAB operations, directly funding a state budget line item per appropriations language.95% confidence

Sub-Topics Appropriations Property Tax State Budget

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in committee · Illinois · House May 30, 2026

HB 4894: DIGITAL AD TAX ACT

Creates the Digital Advertising Tax Act. Imposes a tax on the portion of a person's annual gross revenue that is derived from digital advertising services in the State if the person's total revenue derived from digital advertising in the State exceeds $150,000,000. Provides that the tax is imposed at the rate of 10% of the annual gross revenues derived from digital advertising services in the State. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 10% tax on digital ad revenue exceeding $150M, directly generating state revenue for budget funding.95% confidence

Sub-Topics Business Taxes Sales Tax

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in committee · Illinois · Senate Feb 25, 2026

SB 4078: $FY27 OFFICE PRETRIAL SERVICES

Appropriates $87,100,000 from the General Revenue Fund to the Office of Statewide Pretrial Services for operational expenses, awards, grant, permanent improvements, and pretrial services reimbursements for the fiscal year ending June 30, 2027. Makes other appropriations to the Office. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $87.1M from General Revenue Fund to fund pretrial services operations, directly increasing public service funding per budget & taxes indicators.95% confidence ✓ Criminal JusticeSupports Criminal JusticeFunds pretrial services to reduce unnecessary detention, aligning with reform goals of decreasing incarceration and improving system efficiency.95% confidence

Sub-Topics Revenue State Budget

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in committee · Illinois · Senate Feb 6, 2026

SB 3839: UTILITIES-VARIOUS

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Repeals provisions concerning the Energy Transition Assistance Fund. Amends the Illinois Power Agency Act. Removes provisions concerning the renewable portfolio standard. Amends the Public Utilities Revenue Act. Repeals provisions concerning the imposition of tax on invested capital and on distribution of electricity and provisions concerning annual return, collection, and payment. Repeals the Electricity Excise Tax Law. Amends the Public Utilities Act. In provisions concerning nondiscrimination, removes the authority of the Illinois Commerce Commission to permit or require electric and natural gas utilities to file a tariff establishing low-income discount rates after the completion of the Commission's study assessing the necessity, design, and implementation of low-income discount rates. Provides that no public utilities in the State shall charge any fees or surcharges for energy storage programs on a customer's electric bill. Repeals provisions concerning energy efficiency and demand-response measures; an energy efficiency analysis; and the Energy Transition Assistance Fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals tax provisions on invested capital and electricity distribution, reducing tax burden per bill summary.92% confidence ✗ EnergyOpposes EnergyRepeals renewable portfolio standard and Energy Transition Assistance Fund, directly weakening renewable energy mandates and funding.95% confidence

Sub-Topics Sales Tax Energy Efficiency Energy Storage Oil & Gas

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