Budget & Taxes

in committee · Illinois · Senate Feb 25, 2026

SB 4110: $FY27 DOR OCE

Makes appropriations for the ordinary and contingent expenses of the Department of Revenue for the fiscal year beginning July 1, 2026, as follows: General Funds $36,408,900; Other State Funds $620,134,100; Federal Funds $500,000; Total $657,043,000.

Topics ✓ Budget & TaxesSupports Budget & TaxesFunds Department of Revenue operations for tax collection/administration, directly supporting fiscal management and tax system functionality without tax rate changes.95% confidence

Sub-Topics Appropriations Revenue State Budget

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in committee · Illinois · Senate Feb 25, 2026

SB 4079: $FY27 SUPREME COURT HPF

Appropriates $4,500,000 from the Supreme Court Historic Preservation Fund to the Supreme Court Historic Preservation Commission for Historic Preservation purposes. Appropriates $900,000 from the General Revenue Fund to the Supreme Court Historic Preservation Commission for deposit into the Supreme Court Historic Preservation Fund. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $4.5M from Historic Preservation Fund and $900K from General Revenue to fund preservation activities, directly allocating state budget resources for a specific program.90% confidence

Sub-Topics Appropriations Revenue State Budget

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in committee · Illinois · Senate Feb 3, 2026

SB 3249: STATE FINANCE ACT-AUDIT FUND

Amends the State Finance Act. Provides that, within 30 days after July 1, 2026, or as soon thereafter as practical, specified sums shall be transferred from various named funds into the Audit Expense Fund. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesTransfers funds to Audit Expense Fund, promoting fiscal accountability and oversight under State Finance Act, aligning with fiscal responsibility indicators.85% confidence

Sub-Topics Audits & Accountability State Budget

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in committee · Illinois · Senate Jun 29, 2026

SB 3786: DCEO-TAX CREDIT REPORT

Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates business and employee tax credits under Illinois Income Tax Act, providing tax relief and incentivizing economic activity within state budget framework.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates a collective bargaining employee tax credit, directly supporting workers' right to organize and negotiate, a core labor right.90% confidence

Sub-Topics Income Tax Tax Credits Collective Bargaining

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in committee · Illinois · Senate Feb 25, 2026

SB 4142: $FY27 ILRB OCE

Makes appropriations for the ordinary and contingent expenses of the Illinois Labor Relations Board for the fiscal year beginning July 1, 2026, as follows: General Funds $2,855,100.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $2.855M to Illinois Labor Relations Board for FY27, directly funding a state agency's operations within budget framework.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentFunds Illinois Labor Relations Board operations, supporting labor relations oversight and worker rights enforcement through dedicated budget allocation.95% confidence

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in committee · Illinois · Senate Jul 9, 2026

SB 3792: 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, providing relief to service workers (lower/middle income) by reducing taxable income under Illinois tax law.90% confidence

Sub-Topics Income Tax

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in committee · Illinois · Senate Feb 25, 2026

SB 4085: $FY27 TREASURER

SB 4085 is a funding bill that allocates specific sums from various state funds to the Illinois State Treasurer for fiscal year 2027 (ending June 30, 2027). It appropriates $18.68 million for the Treasurer’s operational costs, $1 million for tax refund interest, $28.05 million for pension fund operations, and $3.72 billion for bond payments covering projects like transportation, schools, and pollution control. The bill also funds specific programs, including $2.5 million for the Illinois Higher Education Savings Program and $1 million for arbitrage rebate payments. It takes effect July 1, 2026, and solely directs existing budget allocations without creating new policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $3.72B for infrastructure bonds and $28M for pensions, directly funding state budget operations and essential programs per appropriations language.90% confidence

Sub-Topics Pensions

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in committee · Illinois · House Apr 8, 2026

HB 5326: $DCEO-FOREST PRESERVE

Appropriates $780,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Forest Preserve District of Cook County for the administration and operation of Greencorps Chicago and Forest Preserve Experience programs within the Conservation Corps program. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $780k from General Revenue Fund to fund Forest Preserve programs, directly advancing state budget allocation for public services.95% confidence ✓ EnvironmentSupports EnvironmentFunds conservation programs (Greencorps Chicago, Forest Preserve Experience) for environmental protection and resource management within Forest Preserve District operations.95% confidence

Sub-Topics Revenue Conservation Forestry

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in committee · Illinois · House Mar 27, 2026

HB 5203: INC TX-HOTEL RENOVATION

Amends the Illinois Income Tax Act. Creates an income tax credit for a taxpayer who owns, operates, or manages a hotel. Provides that the amount of the credit is equal to 25% of the qualified renovation expenditures incurred during the taxable year, subject to specified limitations. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% tax credit for hotel renovation expenses, providing direct tax relief to businesses under Illinois Income Tax Act.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · Senate Feb 5, 2026

SB 3544: JOB CREATION PILOT PROGRAM ACT

Creates the Job Creation Zone Pilot Program Act. Sets forth the boundaries of the job creation zone. Provides that applicants that pledge to hire at least 5 new employees at a designated location within the job creation zone are eligible for credits against their obligation to pay over withholding taxes under the Illinois Income Tax Act. Authorizes an applicant to request a credit award under the Act by making a formal written request or application with the Department of Commerce and Economic Opportunity. Specifies that the amount of the credit may not exceed (i) 50% of the incremental income tax attributable to each new employee during the calendar year in which the new employee is hired and for the first 2 calendar years after the new employee is hired and (ii) 25% of the incremental income tax attributable to each new employee during the third and fourth calendar years after the new employee is hired. Grants the Department of Commerce and Economic Opportunity rulemaking powers to implement and enforce the Act. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits against withholding taxes for businesses hiring 5+ employees in designated zones, reducing tax liability for job creators.95% confidence

Sub-Topics Income Tax Tax Incentives Tags Economic Development

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