Issue · Budget & Taxes

Budget & Taxes (Pensions)

Every budget & taxes bill, vote, and legislator stance in Illinois, automatically classified by Maddy, our AI policy reader.

Total bills
45
104th Regular Session
Top supporter
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Top opponent
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Ranked legislators
0
0 support · 0 oppose
Showing 41–45 of 45 bills

All budget & taxes bills

in committee · Illinois · Senate Feb 5, 2025

SB 1727: SPARKLER EXCISE TAX ACT

Creates the Ground-Based Sparkler Purchaser Excise Tax Act. Imposes a tax, beginning July 1, 2025, upon purchasers for the privilege of using ground-based sparklers and not for the purpose of resale at the rate of 6% of the purchase price of ground-based sparklers. Prohibits certain retail combinations or bundles. Requires every retailer required to collect the tax to apply to the Department of Revenue for a certificate of registration. Provides that any retailer required to collect the tax shall be liable to the Department for the tax, whether the tax has been collected, and any such tax shall constitute a debt to the State. Provides for the making of returns. Provides that from the revenue collected, the Department shall pay 25% into the Fireman's Annuity and Benefit Fund, 25% into the Firefighters' Pension Investment Fund, and 50% into the General Revenue Fund. Provides for recordkeeping requirements. Establishes penalties for violations of the Act. Provides that the Department shall have full power to administer and enforce the Act. Allows for the arrest of any person who violates the Act, the search of any place of business to inspect all ground-based sparklers, and the seizure of any ground based-sparklers without a warrant. Sets forth hearing requirements after seizure. Allows the Department to adopt rules. Amends the Fireworks Regulation Act of Illinois. Allows a municipality to prohibit the sale and use of ground-based sparklers on public property. Prohibits ground-based sparklers from being sold to a person under the age of 18 years. Amends the Pyrotechnic Use Act. Prohibits ground-based sparklers from being sold to a person under the age of 18 years. Effective July 1, 2025.
in committee · Illinois · House Feb 5, 2025

HR 95: NO TAX INCREASES

This is a non-binding House resolution (HR 95), not a bill with enforceable policy. It states that Illinois House members commit to not voting for any tax increases to balance the state's budget for the 104th General Assembly. The resolution cites concerns about existing tax hikes (like corporate loss extensions and high gas taxes) and warns against proposed tax plans for pension funding, but it does not change any tax laws or directly affect residents. As a procedural statement, it has no legal effect on current or future tax policy.
Sub-Topics Pensions
in committee · Illinois · House Feb 25, 2025

HB 3954: $TRS

HB 3954 allocates $7.05 billion from state funds to cover Illinois public school teachers' retirement contributions for the fiscal year beginning July 1, 2025. It specifies funding from the General Fund, Common School Fund, and Education Assistance Fund to pay the state's required contributions to teacher retirement systems, including health insurance support and minimum retirement allowances. The bill directly affects all Illinois public school teachers by ensuring state funding for their retirement benefits. This is a routine budgetary measure, not a policy change, with no new requirements for teachers or schools.
Sub-Topics Pensions Teachers
in committee · Illinois · House Feb 6, 2025

HB 2896: PROP TX-PTELL NEW RATE

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a levy authorized for contributions to a Firefighters' Pension Fund for a municipality with a population of 500,000 or less is not considered a new rate. Effective immediately.
Sub-Topics Pensions Property Tax
in committee · Illinois · Senate Feb 25, 2025

SB 2603: $LEGISLATIVE SUPPORT AGENCIES

SB 2603 is a funding bill that allocates specific amounts from Illinois' General Revenue Fund to support various legislative agencies for the 2024-2025 fiscal year. It provides $4,514,600 for the Commission on Government Forecasting and Accountability's operations, $1,500,000 for pension contributions to the State Employees' Retirement System for legislative staff, and smaller sums for agencies like the Legislative Audit Commission ($475,000) and the Legislative Reference Bureau ($4,365,360). The bill covers ordinary operational expenses, equipment purchases, and pension contributions for these agencies. It does not create new policies or directly affect the public beyond funding internal legislative functions.
Showing 41 to 45 of 45 bills
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