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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2942 Introduced 2/19/2021, by Rep. Charles Meier SYNOPSIS AS INTRODUCED:
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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.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB2942 | | LRB102 10610 HLH 15939 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 1. Short title. This Act may be cited as the |
| 5 | | Spending Reduction and Revenue Control Act.
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| 6 | | Section 5. Passage of new taxation or increased taxation |
| 7 | | bills prohibited. The General Assembly shall not enact any |
| 8 | | bill that either (i) creates new State taxes or (ii) increases |
| 9 | | existing State taxes until an appropriation bill or bills are |
| 10 | | passed that, in the aggregate, represent a reduction in the |
| 11 | | spending levels from the previous fiscal year.
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| 12 | | Section 10. Agency revenue reduction plan. Every State |
| 13 | | agency shall submit to the General Assembly a recommended list |
| 14 | | of spending efficiencies and budget reductions they deem |
| 15 | | necessary in order to help the General Assembly comply with |
| 16 | | the provisions of this Act.
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| 17 | | Section 99. Effective date. This Act takes effect upon |
| 18 | | becoming law.
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