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IL HB5192

Bill

Status

Failed

1/7/2025

Primary Sponsor

Brad Halbrook

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Creates the Inflation Reduction Act to mandate budget cuts for Illinois state agencies in fiscal year 2025
  • Reduces all discretionary spending appropriations to state agencies by 5% of fiscal year 2024 estimated expenditures
  • Defines discretionary spending as any spending not mandated by federal or state law or court order
  • Applies to state agencies, boards, commissions, and entities in the legislative, executive, and judicial branches
  • Effective immediately upon enactment

Legislative Description

INFLATION REDUCTION ACT

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules2/9/2024

Full Bill Text

No bill text available