Budget & Taxes

in committee · Illinois · House Oct 15, 2025

HB 4073: GA COMP-COLAS PROHIBITED

Amends the Compensation Review Act. Provides that, in fiscal year 2026 and each fiscal year thereafter, members of the General Assembly are prohibited from receiving and shall not receive any increase in compensation that would otherwise apply based on a cost-of-living adjustment. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts legislative pay increases, limiting government spending on compensation through prohibition of COLA adjustments.95% confidence

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in committee · Illinois · House May 15, 2025

HB 2677: ESTATE TAX-SPECIAL USE

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir".

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exemption for farm estates ($6M vs $4M), reducing tax liability for wealthy landowners, aligning with tax breaks for affluent groups.90% confidence

Sub-Topics Tax Credits

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in committee · Illinois · House Apr 30, 2025

HB 2870: FILM TX CREDIT-SPENDING

Amends the Film Production Services Tax Credit Act of 2008. Provides that accredited productions shall be considered Category 1 productions or Category 2 productions. Provides that a Category 1 production is an accredited production that meets the following criteria: (1) at least 75% of all principal filming or taping days of the accredited production that occur at any soundstage facility within or without Illinois occur at a qualified production facility; and (2) at least 20% of the total expenditures for the accredited production are for (i) tangible property that will be used at a qualified production facility or for the use of the qualified production facility; (ii) the performance of services at a qualified production facility; or (iii) any combination of (i) and (ii). Makes changes concerning the amount of the credit. Makes changes concerning the number of nonresident employees whose wages may be considered Illinois labor expenditures. Makes changes concerning the definition of "qualified production facility". Amends the Illinois Income Tax Act to make changes concerning withholdings for loan out company employees. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesAmends film tax credit program, creating business tax break that reduces state revenue, aligning with 'oppose' indicators for tax breaks benefiting specific industries.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · House Apr 11, 2025

HB 2693: STATE AGENCY BONUS PROHIBITION

Creates the State Agency and Grantee Bonus Prohibition Act. Provides that no State agency or hospital shall pay from State funds, in whole or in part, and no employee of a State agency or hospital may receive a bonus as all or part of his or her compensation, including such bonuses as may be received for work on capital projects. Provides that no grantee shall pay, and no employee or contract worker of a grantee may receive, a bonus paid from grant funds awarded for operational expenses as all or part of his or her compensation, including such bonuses as may be received for work on capital projects. Provides that State agencies who use bonuses paid to State employees shall provide an annual report to the General Assembly itemizing each bonus awarded, including the amount of the bonuses awarded, the purpose of the bonus, the position of the employees to whom bonuses were awarded, and the overall agency fiscal impact for the bonuses awarded in the prior fiscal year. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProhibits state funds from paying bonuses, restricting government spending on non-essential compensation per bill's explicit language90% confidence ✗ Labor & EmploymentOpposes Labor & EmploymentProhibits state-funded bonuses, reducing potential employee compensation and benefits as defined in Labor & Employment topic.95% confidence

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in committee · Illinois · House Mar 21, 2025

HB 12: ESTATE TX-EXCLUSION AMOUNT

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exclusion from $4M to $6M, reducing state tax revenue by exempting higher-value estates, favoring wealthy taxpayers.95% confidence

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in committee · Illinois · Senate Jun 2, 2025

SB 1745: TAX-FILM PRODUCTION CREDIT

Amends the Film Production Services Tax Credit Act of 2008. Provides that the term "Illinois labor expenditure" does not include: (1) above-the-line spending exceeding 40% of the total Illinois production spending for the production, unless the Department of Commerce and Economic Opportunity determines that the inclusion of such excess above-the-line spending is necessary for the production to be accredited; (2) above-the-line spending paid to related parties that exceeds, in the aggregate, 12% of the total Illinois production spending for the production; or (3) below-the-line spending paid to a related party that exceeds the fair market value of the transaction. Defines "above-the-line spending" and "below-the-line spending". Provides that the term "Illinois production spending" includes the fair market value of any transaction that (i) is entered into between the taxpayer and a related party or the taxpayer and an unrelated party, (ii) is related to the accredited production, and (iii) has terms that reflect the fair market value of the transaction.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts film tax credit eligibility by limiting qualifying expenditures, reducing state tax expenditure.95% confidence

Sub-Topics Government Spending

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in committee · Illinois · Senate May 29, 2025

SB 1688: ESTATE TAX-SPECIAL USE

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir".

Topics ✗ Budget & TaxesOpposes Budget & TaxesIncreases estate tax exemption for farm property owners, reducing tax liability for wealthy estates.90% confidence

Sub-Topics Tax Credits

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in committee · Illinois · House Mar 21, 2025

HB 1222: TIF REEXTENSION LIMITATION

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, after the effective date of the amendatory Act, the General Assembly shall not approve the extension of a redevelopment project and the retirement of its obligations to a date that is beyond the 35th calendar year after the year in which the ordinance approving the redevelopment project areas was adopted. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesLimits TIF project extensions beyond 35 years, restricting long-term fiscal tools for redevelopment projects.90% confidence

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in committee · Illinois · House Feb 6, 2025

HB 2943: EXECUTIVE & GA PAY RAISES

HB 2943 removes salary increases established by Public Act 102-1115 from Illinois' Salaries Act and General Assembly Compensation Act. It reverts executive branch salaries (including the Governor's $205,700 minimum and other officials' set amounts) and legislator pay (from $85,000 for the 103rd General Assembly to $28,000) back to amounts set by the Compensation Review Board. This directly affects all statewide elected officials (Governor, Lieutenant Governor, Secretary of State, Comptroller, Treasurer, Attorney General) and Illinois General Assembly members. The bill cancels the higher pay rates that took effect January 9, 2023.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reverses recent pay raises for state officials, reducing state budget expenditures on executive and legislative salaries, opposing increased government spending.85% confidence

Sub-Topics Audits & Accountability

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in committee · Illinois · House Mar 21, 2025

HB 2520: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for the purpose of the Low-Income Senior Citizens Assessment Freeze Homestead Exemption, the term "household" includes only the applicant and the applicant's spouse (currently, the applicant, the spouse of the applicant, and all persons using the residence of the applicant as their principal place of residence). Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts property tax exemption eligibility, reducing tax relief for seniors and lowering state expenditure on the program.90% confidence ✗ HousingOpposes HousingBill restricts eligibility for senior property tax exemption by narrowing 'household' definition, reducing affordability assistance for seniors. This opposes expanding housing affordability.90% confidence

Sub-Topics Property Tax Property Taxes

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