Your briefing on the activities of the Illinois General Assembly



May 6, 2026

GOOD DAY!

The Illinois General Assembly resumes the spring legislative session. The Senate convenes at 11:00 a.m. followed by the House at noon.

RECAP OF THE LAST SESSION DAY- Both the House and Senate were in session for the first time this week, kicking off the start of four consecutive weeks of session. It is notable that both chambers extended their committee deadlines, and it is anticipated the volume of bill movement and floor activity will decrease this week. Aside from appointment messages in the Senate, there was no substantive floor action in either chamber. 

Yesterday afternoon, Chicago Mayor Brandon Johnson held a standup presser in City Hall regarding his scheduled visit to the Capitol. Last night he hosted a dinner for Chicago legislators to discuss the city’s wants during the closing days of the legislative session. The mayor has framed issues as corporate interest v. progressive goals.

ORDER OF THE DAY- Senators and Representatives will spend their morning in committees, break to answer the gavel of their respective chamber, and reconvene for the afternoon to resume committee work.

House Committee Postings

Senate Committee Postings

Committee Watch List
Today we will be supporting in Senate Executive Committee passage of HB 5045 (Non-Profit Investment Pool). The same for companion legislation in House State Government Administration (HB 2968). This is an initiative of State Treasurer Mike Frerichs.

Senate Revenue meets late this afternoon for purposes of subject matter hearing. On the docket are several progressive revenue proposals which include a digital add tax, mark-to-market, and corporate loopholes.

Senate Judiciary will consider HB 5487 which limits private equity backed managed service organization in law firms.

SUPPLEMENTAL RECORD-

--Mayor Johnson will spend part of the morning in the Capitol and hold a presser in the State House newsroom to discuss the cities priorities to include reversing the governor’s proposal to reduce disbursements to municipalities with the Local Government Distributive Fund, creating a new digital ad tax, and granting home rule authority to pass levies. Also, the mayor is opposed to the MEGA Projects legislative initiative-aka Chicago Bears Arlington Heights. 
--ICPAS Legislative Tracking Reports-Legislative Tracking Reports continue to be updated with my annotated notes and their statuses. 

General Legislative Tracking Report
Tax Legislative Tracking Report
 


Marty


MARTY GREEN, ESQ
Senior VP and Legislative Counsel, Government Relations, Illinois CPA Society
524 South Second Street, Suite 504
Springfield, Illinois 62701
Phone: 217.789. 7914| Fax: 217.789.7924
Email: [email protected] | Web site: www.icpas.org