HB5125

REVENUE-CREDITS-DEDUCTIONS

Introduced·2/5/26
Introduced Text

Illinois HB5125 proposes tax credits and deductions to support revenue generation.

Illinois HB5125 introduces tax credits and deductions aimed at enhancing revenue generation. The bill outlines specific provisions to provide financial relief and incentives through the tax system. These measures are designed to benefit certain populations and activities, potentially impacting overall state revenue.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

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17
0
Democratic CaucusRepublican Caucus

Calendar

Mar 26

8:00 AM

House Revenue & Finance Committee Hearing

Mar 26

8:01 AM

House Income Tax Subcommittee Committee Hearing

History

May 30

House

Added Chief Co-Sponsor Rep. Maurice A. West, II

May 30

House

Added Chief Co-Sponsor Rep. Mary Beth Canty

May 30

House

Added Chief Co-Sponsor Rep. Maura Hirschauer