Bill Text: IL HB2942 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB2942 Detail]

Download: Illinois-2021-HB2942-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB2942 Introduced , 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
HB2942 LRB102 10610 HLH 15939 b
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.