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Chicago Sun-Times
Chicago Sun-Times
National
Dave McKinney | WBEZ Chicago

Illinois lawmakers quietly scaled back a popular tax credit; now a former governor wants it back

Pat Quinn Illinois JB Pritzker Inflation Emanuel Chris Welch Jordan Abudayyeh General Assembly WBEZ
An automatic escalator of the standard tax exemption tied to inflation was put into effect in 2012 by former Illinois Gov. Pat Quinn, who wants to undo the legislative move that freezes the exemption. (Tyler LaRiviere/Sun-Times)

With tax season approaching, millions of Illinoisans won’t be seeing a bump up in a widely used state tax credit known as the standard exemption after lawmakers throttled a planned increase in the credit for the 2023 tax year.

Tucked within a 558-page revenue package, the little-noticed tax change came about last spring with passage of the state budget omnibus package approved by the Democratic-led General Assembly and enacted by Democratic Gov. J.B. Pritzker.

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