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IL HB2942

Bill

Official Source

Status

Introduced

2/18/2021

Primary Sponsor

Charles Meier

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Creates the Spending Reduction and Revenue Control Act as a new law concerning state finance
  • Prohibits the General Assembly from enacting bills that create new state taxes or increase existing state taxes unless appropriation bills totaling aggregate spending reductions from the previous fiscal year are first passed
  • Requires every state agency to submit a recommended list of spending efficiencies and budget reductions to the General Assembly to help comply with the Act's provisions
  • Takes effect immediately upon becoming law

Legislative Description

REVENUE-SPENDING REDUCTION

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/27/2021

Committee Referrals

Rules3/27/2021
Income Tax3/18/2021
Revenue & Finance3/9/2021
Rules2/19/2021

Full Bill Text

No bill text available