Budget & Taxes

in committee · Illinois · Senate Feb 25, 2026

SB 4108: $FY27 DECE OCE

Makes appropriations for the ordinary and contingent expenses of the Department of Early Childhood for the fiscal year beginning July 1, 2026, as follows: General Funds $2,087,963,000; Other State Funds $299,200,000; Federal Funds $2,037,234,200; Total $4,424,397,200.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $4.4B for Early Childhood department, funding essential public services without cuts or tax changes95% confidence ✓ EducationSupports EducationBill allocates $4.4B in total funding for the Department of Early Childhood, directly advancing educational access and funding for early education programs as defined in the topic description.95% confidence

Sub-Topics Appropriations State Budget Early Childhood

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in committee · Illinois · Senate Feb 6, 2026

SB 4037: TWP CD-AUDIT

Amends the Township Code. In provisions concerning the audits of townships that receive revenue of less than $850,000 during any fiscal year, provides that, in addition to the other audit requirements imposed by law, the township boards shall have the accounts and all records of the township thoroughly audited by a certified public accountant or subjected to a financial statement review (rather than only by a certified public accountant) within 6 months after (i) the end of each term of office of the township supervisor and (ii) a vacancy occurs in the office of township supervisor. Makes conforming changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires thorough township audits to promote fiscal responsibility, aligning with fiscal management standards under Budget & Taxes.85% confidence

Sub-Topics Audits & Accountability

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in committee · Illinois · House Feb 10, 2026

HB 5157: FINANCE-GEO-KARIS BEACH FUND

Amends the State Finance Act. Provides that revenue from the North Point Marina State Recreation Area shall be deposited into the Adeline Jay Geo-Karis Illinois Beach Marina Fund. Provides that the Adeline Jay Geo-Karis Illinois Beach Marina Fund may receive moneys from the General Revenue Fund and from any other lawful source. Provides that moneys in the Adeline Jay Geo-Karis Illinois Beach Marina Fund may be used only for purposes related to the North Point Marina State Recreation Area in Lake County.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects revenue and general funds to a state recreation area, ensuring dedicated funding for public service under fiscal management.80% confidence

Sub-Topics Revenue

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in committee · Illinois · Senate Feb 5, 2026

SB 3542: INC TX- PAID TIME OFF

Amends the Illinois Income Tax Act. Creates an income tax credit for each taxpayer that is an eligible small employer in an amount equal to the amount paid during the taxable year by the eligible small employer to its employees as paid leave that is required by the Paid Leave for All Workers Act. Provides that an eligible small employer is an employer that employs 50 or fewer employees during the taxable year and is subject to the Paid Leave for All Workers Act. Effective January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for small employers providing paid leave, reducing tax liability (tax relief) for eligible businesses under Illinois tax code.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates tax credit for small employers providing mandated paid leave, incentivizing expanded worker benefits under Paid Leave for All Workers Act.95% confidence

Sub-Topics Income Tax Tax Credits Paid Leave

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in committee · Illinois · Senate May 22, 2026

SB 3710: INC TX-R AND D CREDIT

SB 3710 permanently extends Illinois' research and development (R&D) tax credit under the Illinois Income Tax Act. This change makes the credit available indefinitely for eligible businesses, rather than as a temporary provision. The bill directly affects companies conducting qualifying R&D activities within Illinois that claim this tax credit. It amends Section 201 of the tax code to remove any expiration date, effective immediately upon enactment. The credit allows businesses to reduce their state tax liability based on qualified R&D expenditures.

Topics ✓ Budget & TaxesSupports Budget & TaxesPermanently extends Illinois R&D tax credit, providing ongoing tax relief to businesses under Income Tax Act, directly strengthening tax incentive policy.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Feb 19, 2026

HJRCA 26: CONAMEND-INCOME TAX

Proposes to amend the Revenue Article of the Illinois Constitution. Provides that an additional income tax shall be imposed on individuals in an amount equal to 3% of the portion of the individual's income that is greater than $1,000,000 for the taxable year. Provides that the revenue collected from the tax shall be used to provide property tax relief. Effective upon being declared adopted.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes 3% tax on income >$1M to fund property tax relief, directly advancing fiscal management and targeted tax relief per bill's explicit purpose.95% confidence

Sub-Topics Income Tax Property Tax

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in committee · Illinois · Senate Feb 25, 2026

SB 4080: $FY27 COURTS COMMISSION

SB 4080 appropriates $400,000 from the General Revenue Fund to the Illinois Courts Commission for its ordinary and contingent operational expenses. This funding, effective July 1, 2026, supports the commission's day-to-day administrative costs and unforeseen expenses. The bill does not change laws or policies but provides necessary financial resources for the commission's existing functions. It directly affects the Courts Commission's budget operations without altering legal standards or public services.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $400k from General Revenue Fund for Courts Commission's operational costs, directly funding essential budget operations without policy changes.95% confidence

Sub-Topics Revenue

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in committee · Illinois · House Feb 13, 2026

HB 5610: BUDGET STABILIZATION-PENSION

Amends the Budget Stabilization Act. Provides that specified amounts shall be transferred from the General Revenue Fund to the Pension Stabilization Fund beginning in fiscal year 2030 and continuing until the end of fiscal year 2045 or when each of the designated retirement systems has achieved 100% funding, whichever occurs first. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesTransfers funds from General Revenue to Pension Stabilization Fund, ensuring long-term fiscal responsibility and preventing future budget shortfalls through structured pension funding.95% confidence

Sub-Topics Pensions Revenue

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in committee · Illinois · House Mar 27, 2026

HB 5444: PROP TX-ENERGY SYSTEMS

Amends the Property Tax Code. In provisions concerning the valuation of wind energy devices, provides that, for taxable year 2027 and thereafter, the real property cost basis is $588,000 per megawatt of nameplate capacity (currently, $360,000 per megawatt of nameplate capacity). In provisions concerning the valuation of solar energy systems, provides that, for taxable year 2027 and thereafter, the real property cost basis is $446,000 per megawatt of nameplate capacity (currently, $218,000 per megawatt of nameplate capacity). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases taxable value basis for wind/solar properties, boosting state property tax revenue. Directly supports budget by raising tax income for renewable energy infrastructure.95% confidence ✓ EnergySupports EnergyIncreases tax valuation for wind/solar, reducing property tax burden and encouraging renewable energy development.95% confidence ✓ EnvironmentSupports EnvironmentIncreases tax incentives for wind/solar systems by raising valuation thresholds, directly promoting clean energy adoption per environmental indicators.90% confidence

Sub-Topics Property Tax Solar Wind

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in committee · Illinois · House Jul 2, 2026

HB 4720: $AGR-DISADVANTAGED FARMERS

Appropriates $2,500,000 from the General Revenue Fund to the Department of Agriculture for the purpose of providing grants to emerging and socially disadvantaged farms for infrastructure, equipment, operations and market access. Effective July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2.5M from General Revenue Fund for farm grants, directly funding a state program under budget management.95% confidence

Sub-Topics Revenue

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