HB1157 103RD GENERAL ASSEMBLY

LRB103 04771 HLH 49780 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB1157

Introduced 1/31/2023, 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.

A BILL FOR

AN ACT concerning finance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 1. Short title. This Act may be cited as the Spending Reduction and Revenue Control Act.

Section 5. Passage of new taxation or increased taxation bills prohibited. 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.

Section 10. Agency revenue reduction plan. 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 this Act.

Section 99. Effective date. This Act takes effect upon becoming law.