Budget & Taxes

Creates the Office of Common Interest Community Registration Act. Creates the Office of Common Interest Community Registration within the Division of Real Estate in the Department of Financial and Professional Regulation. Provides that the Office shall require a common interest community association to register with the Office, which shall require an association to: (1) pay a registration fee of $3 per number of units in the common interest community; (2) provide any bylaws, articles of incorporation, or covenants established by the association; (3) provide the names and contact information of all board of managers or board of directors; and (4) provide a list of any management company contracted to assist with the management of an association. Provides that if a unit owner alleges that the board of managers or board of directors has violated the Act, the Office shall investigate the complaint within 60 days. Allows the Office to issue a fine against a board of managers, board of directors, or individual board member for violating the Act or any of the bylaws, articles of incorporation, or covenants established for the board of managers', board of directors', or individual board member's respective association. Allows the Office to refer any criminal activity to the State's Attorney or refer any violation of the Americans with Disabilities Act of 1990 or any civil rights violation to the Attorney General. Authorizes the Office to adopt any rules necessary to implement the Act. Creates the Community Interest Community Registration Fund in the State treasury. Repeals the Condominium and Common Interest Community Ombudsperson Act. Makes conforming changes.

Appropriates $18,000,000 from the General Revenue Fund to the Illinois Emergency Management Agency and Office of Homeland Security for deposit into the IEMA State Projects Fund for grants and operational expenses associated with the administration of Illinois' Not-For-Profit Security Grant Program. Effective July 1, 2026.

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, notwithstanding any other provision of law, beginning in levy year 2026, if a specified taxing district provided a property tax abatement under a specified provision of the Energy Community Reinvestment Act in any levy year occurring before the current levy year and if the taxing district was subject to the Property Tax Extension Limitation Law in the levy year of the abatement, then the district's aggregate extension base for each subsequent levy year after the levy year of the abatement but not earlier than levy year 2026 shall be calculated as through the district's aggregate extension for the levy year in which the abatement was granted included the amount of the abatement. Effective immediately.

Amends the State Finance Act. Creates the Prison Education Fund. Provides that moneys in the Prison Education Fund shall be used by the Illinois Community College Board and the Board of Higher Education to make grants to prison education programs that award associate degrees or bachelor's degrees to currently incarcerated students. Makes changes concerning the allocation of money from the Cannabis Regulation Fund. Provides that 0.5% of the moneys in the Cannabis Regulation Fund, after certain allocations have been made, shall be transferred from the Cannabis Regulation Fund to the Prison Education Fund.

This Illinois House Resolution (HR 620) calls on Congress to reinstate healthcare subsidies that were part of the Inflation Reduction Act of 2022, which expired on January 1, 2026. It directly addresses Illinois residents, small businesses, and self-employed individuals who rely on the Get Covered Illinois marketplace, as they face significantly higher premiums and deductibles without these subsidies. The resolution requests immediate action to reverse the expiration of these cost-saving subsidies, which the bill claims would prevent up to 140,000 Illinoisans from affording coverage. Note: The resolution inaccurately attributes the subsidy expiration to former President Trump; the Inflation Reduction Act was enacted under President Biden, and subsidies expired due to legislative inaction, not Trump's policies. This is a symbolic resolution, not a binding law.

Appropriates $8,620,000 from the General Revenue Fund to the Office of the Auditor General for its Fiscal Year 2027 ordinary and contingent expenses. Appropriates $37,401,560 from the Audit Expense Fund to the Office of the Auditor General for administrative and operations expenses and for audits, studies, investigations, and expenses related to actuarial services. Effective July 1, 2026.

Amends the Property Tax Code. Provides that property that is used as a qualified residence by a police officer or firefighter with a duty-related disability is exempt from taxation under the Code. Effective immediately.

Creates the Small Business Economic Incentive Act. Provides that at least 50% of the dollar value of all economic incentives awarded to businesses by the State or by any State agency on or after January 1, 2027 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2027.

Creates the Master Development Plan Recognition Act. Provides that certain contributions made by the State or units of local government are considered made pursuant to a master development plan within the meaning of Section 118 of the Internal Revenue Code. Amends the Illinois Income Tax Act. Creates a deduction for capital contributions that are made pursuant to a master development plan and that are included in the taxpayer's federal taxable income for the taxable year under Section 118 of the Internal Revenue Code. Effective immediately.

Appropriates $5,000,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to Neighborhood Housing Services of Chicago for costs associated with funding equitable mortgage lending and homebuyer subsidies, foreclosure prevention services, and other support. Effective July 1, 2026.