Budget & Taxes

in committee · Illinois · House Mar 27, 2026

HB 4854: FINANCE-PUBLIC PROGRAMMING

Amends the State Finance Act. Creates the Public, Educational, and Governmental Programming Fund. Provides that moneys in the Public, Educational, and Governmental Programming Fund shall be used by the Department of Commerce and Economic Opportunity for operational and administrative expenditures related to, as well as the award of grants to, public, educational, and governmental programmers and public, educational, and governmental studio operators with the purpose of subsidizing operational, capital, and equipment costs related to producing and procuring that programming. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates Public, Educational, and Governmental Programming Fund to subsidize operations via grants, increasing state funding for public services.95% confidence

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in committee · Illinois · Senate Jul 9, 2026

SB 3540: PROP TX-ASSESSMENT LIMIT

Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. 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 & TaxesSupports Budget & TaxesCaps annual property tax increases at CPI rate, preventing rapid hikes for homeowners, aligning with fiscal responsibility and tax relief for middle-income residents.85% confidence

Sub-Topics Property Tax

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in committee · Illinois · House May 5, 2026

HB 5612: REVENUE-PROP TAX RELIEF

Amends the School Code. Provides that the State Board of Education shall establish and administer a program to award property tax relief grants to school districts in this State. Provides that, in exchange for receiving a grant, a school district's maximum aggregate property tax extension for the taxable year may not exceed its adjusted maximum aggregate property tax extension for that taxable year. Amends the State Finance Act to create the Education Property Tax Relief Fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax relief grants for school districts via new fund, directly reducing tax burden per bill's explicit purpose.95% confidence ✓ EducationSupports EducationCreates Education Property Tax Relief Fund to provide grants reducing school district tax burdens, increasing available funding for education programs and operations.95% confidence

Sub-Topics Property Tax School Funding

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in committee · Illinois · Senate Feb 25, 2026

SB 4158: $FY27 TRS

Makes appropriations for the ordinary and contingent expenses of the Teachers' Retirement System of the State of Illinois for the fiscal year beginning July 1, 2026, as follows: General Funds $7,104,357,993.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $7.1B from General Funds to fund Teachers' Retirement System, directly supporting public service fiscal management and essential program funding.95% confidence ✓ EducationSupports EducationFunds Teachers' Retirement System with $7.1B, directly supporting teacher benefits and financial stability for educators.95% confidence

Sub-Topics Pensions State Budget

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in committee · Illinois · Senate Feb 5, 2026

SB 3630: MUNI-CIGARETTE/TOBACCO REVENUE

Amends the Illinois Municipal Code. In provisions relating to preemption of certain taxes in home rule municipalities, provides that nothing in the provisions shall prevent a tax based upon the number of units of cigarettes, on other tobacco products, or both if the home rule municipality imposed a tax either based on the number of units of cigarettes or on other tobacco products before July 1, 1993 (rather than, if a home rule municipality had not imposed a tax based on the number of units of cigarettes or tobacco products before July 1, 1993, the home rule municipality may not impose such a tax after that date).

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables municipalities to impose tobacco product taxes, generating revenue for local budgets, directly supporting tax revenue collection under Budget & Taxes.95% confidence

Tags Local Government

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in committee · Illinois · House Feb 10, 2026

HB 5009: 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 & TaxesSupports Budget & TaxesCaps annual property tax assessment increases at 3% or CPI, providing direct tax relief to homeowners and limiting government revenue growth from property taxes.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Jul 9, 2026

SB 3175: INC TX-OVERTIME WAGES

Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to any overtime wages paid to the taxpayer during the taxable year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for overtime wages, providing direct relief to workers by reducing taxable income under Illinois Income Tax Act.95% confidence

Sub-Topics Income Tax

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in committee · Illinois · Senate Jul 9, 2026

SB 3851: USE/OCC TX-EXEMPT PRESCRIPTION

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that prescription medicines and products classified as Class III medical devices by the United States Food and Drug Administration that are used for cancer treatment pursuant to a prescription are exempt from the tax under the Acts. Amends the Illinois Income Tax Act. Increases the amount deposited into the Local Government Distributive Fund to: (i) 7.47% of the net revenue realized from the tax imposed upon individuals, trusts, estates, and pass-through entities; and (ii) 7.85% of the net revenue realized from the tax imposed upon corporations. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts cancer treatment prescriptions from taxes, providing targeted tax relief for essential medical care under tax acts.85% confidence ✓ HealthcareSupports HealthcareExempts cancer treatment prescriptions from taxes, reducing patient costs and improving access to essential medications per bill's tax exemption provision.95% confidence

Sub-Topics Business Taxes Income Tax Sales Tax

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in committee · Illinois · House Feb 10, 2026

HB 5160: SCH CD-ST AUTH CHARTR SCH FUND

Amends the Charter Schools Law of the School Code. Creates the State-Authorized Charter School Fund. Provides that funds appropriated from the General Revenue Fund, the Education Assistance Fund, or the Common School Fund and all moneys received by the State Board of Education from a private source for the purposes of the State-Authorized Charter School Fund shall be deposited into the State-Authorized Charter School Fund and the moneys in the State-Authorized Charter School Fund shall be used, subject to appropriation, by the State Board for equal distribution among State Board-authorized charter schools for school expenses. Provides that a school district with a State-authorized charter school may not use any funds from its evidence-based funding for that charter school's expenses and a school district with a State Board-authorized charter school must use funds from the State-Authorized Charter School Fund for that charter school's expenses instead. Makes a conforming change in the State Finance Act. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects existing state funds (General Revenue, Education Assistance) to charter school fund, increasing allocation for charter schools within state budget framework95% confidence ✓ EducationSupports EducationCreates State-Authorized Charter School Fund to allocate public and private funds for charter schools, directly advancing K-12 education access and resource allocation.92% confidence

Sub-Topics Appropriations Revenue School Choice

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in committee · Illinois · Senate Feb 3, 2026

SB 3248: $STATE'S ATT APPELLATE PROSEC

Appropriates $36,365,100 to the Office of the State's Attorneys Appellate Prosecutor for its ordinary and contingent expenses for the fiscal year ending on June 30, 2027. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $36.4M for state appellate prosecutor office, directly funding government operations per budget allocation.95% confidence

Sub-Topics Appropriations State Budget

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