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IL HB3336

IL HB3336
ELECTION INCOME TAX REBATE


summary

Introduced
02/07/2025
In Committee
03/21/2025
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the Election Code. Provides that the State Board of Elections shall create a payment system to collect fees from any prospective candidate for elected office in a consolidated or general election in the State. Provides that the State Board of Elections shall deposit all moneys collected under the provision into the Election Income Tax Rebate Fund. Provides that, beginning in 2027, the Department of Revenue shall pay an annual rebate to each individual taxpayer who files an Illinois income tax return with the moneys in the Election Income Tax Rebate Fund. Amends the State Finance Act to create the Election Income Tax Rebate Fund.

AI Summary

This bill introduces a new system of fees for political candidates and creates an Election Income Tax Rebate Fund to provide tax rebates to Illinois income taxpayers. Starting January 1, 2026, prospective candidates for elected office will be required to pay two fees: a $2,500 pre-filing fee before circulating nomination petitions and a $2,500 filing fee when submitting nomination papers. The State Board of Elections will manage a payment system to collect these fees and will require candidates to certify fee payment before their nomination papers can be accepted. All fees collected will be deposited into the newly created Election Income Tax Rebate Fund. Beginning in 2027, the Department of Revenue will distribute an equal rebate to each individual taxpayer who files an Illinois income tax return by the second Friday in October of that calendar year. The amount of the rebate will depend on the total funds collected in the Election Income Tax Rebate Fund, with each eligible taxpayer receiving an equal portion. These fees are additional to any existing election-related fees, and the bill aims to create a new funding mechanism for providing tax relief to Illinois residents.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)

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