102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2942

 

Introduced 2/19/2021, by Rep. Charles Meier

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the Spending Reduction and Revenue Control Act. Provides that the General Assembly shall not enact any bill that either (i) creates new State taxes or (ii) increases existing State taxes until an appropriation bill or bills are passed that, in the aggregate, represent a reduction in the spending levels from the previous fiscal year. Provides that every State agency shall submit to the General Assembly a recommended list of spending efficiencies and budget reductions they deem necessary in order to help the General Assembly comply with the provisions of the Act. Effective immediately.


LRB102 10610 HLH 15939 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB2942LRB102 10610 HLH 15939 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the
5Spending Reduction and Revenue Control Act.
 
6    Section 5. Passage of new taxation or increased taxation
7bills prohibited. The General Assembly shall not enact any
8bill that either (i) creates new State taxes or (ii) increases
9existing State taxes until an appropriation bill or bills are
10passed that, in the aggregate, represent a reduction in the
11spending levels from the previous fiscal year.
 
12    Section 10. Agency revenue reduction plan. Every State
13agency shall submit to the General Assembly a recommended list
14of spending efficiencies and budget reductions they deem
15necessary in order to help the General Assembly comply with
16the provisions of this Act.
 
17    Section 99. Effective date. This Act takes effect upon
18becoming law.