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SB 2545

Income tax; extend repealer on credit for certain costs paid by a company in relocating national or regional headquarters to this state.

2025 Regular Session Introduced by Josh Harkins

Allocates $11,716,800 General Revenue to Illinois Dept. of Early Childhood for FY2026 ordinary/contingent expenses; one-year funding; died in committee.

Died In Committee
#finance
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Bill Summary · SB 2545

Summary — SB 2545 (104th General Assembly, 2025–2026)

Bill number: SB 2545
Primary sponsor: Sen. Elgie R. Sims, Jr.
Introduced: February 25, 2025 (filed/received March 13, 2025 per some records)
Status: Died in committee (per bill metadata)
Related/companion bill: HB 4601

Note on title/content discrepancy
- The bill title supplied with the request refers to an income‑tax credit repealer extension for companies relocating headquarters. The official bill text provided, however, is an appropriation act for the Department of Early Childhood. This summary is based on the actual text of SB 2545 as provided (appropriation language). The title and subject metadata appear inconsistent with the bill text.

Main purpose

Appropriate state general funds to the Illinois Department of Early Childhood to cover its ordinary and contingent expenses for the FY 2026 fiscal year.

Key provisions

  • Appropriates $11,716,800 from the General Revenue Fund to the Department of Early Childhood.
  • Funds are designated to meet the Department’s "ordinary and contingent expenses" for the fiscal year ending June 30, 2026.
  • Effective date: July 1, 2025.
  • No programmatic directives, eligibility changes, or tax provisions are contained in the text supplied — the bill is a straightforward line‑item appropriation.

Who would be affected

  • Primary recipient: Illinois Department of Early Childhood (operational/administrative budget).
  • Indirectly affected: programs, contractors, employees, and vendors supported by the Department’s operating budget; children and families served could be affected only to the extent department operations depend on these funds.
  • State budget/general revenue: a one‑year reduction in available General Revenue by $11,716,800 for FY 2026 if enacted.

Procedural history / timeline (from provided actions)

  • Feb 25, 2025: Filed / First reading (sponsor: Sen. Elgie R. Sims, Jr.)
  • Referred to Assignments, then to Finance; later referred to Veterans Affairs in early April.
  • Apr 3, 2025: Read first time.
  • Apr 15, 2025: Public hearing held; testimony taken; bill left pending in committee.
  • Bill metadata lists status as "Died In Committee" (date listed: Feb 4, 2025, which conflicts with later actions). The legislative record provided is internally inconsistent; final disposition per supplied summary is that SB 2545 did not advance out of committee.

If you want, I can:
- Verify which version/title is correct by checking the official Illinois General Assembly bill page for SB 2545 (104th GA), or
- Summarize instead the companion HB 4601 if you provide its text.

Compiled from official sources — confirm details with the bill’s official record.

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