Bill Status of SB1734

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SB1734 - 104th General Assembly

INC TX-STANDARD EXEMPTION
Last Action
2/05/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Li Arellano, Jr. - Chris Balkema
Statutes Amended In Order of Appearance
35 ILCS 5/204from Ch. 120, par. 2-204
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the cost-of-living adjustment to the standard exemption applies on a permanent basis (currently, for taxable years that end on or before December 31, 2028). Effective immediately.
Actions
Date Chamber Action
2/05/2025 Senate Filed with Secretary by Sen. Li Arellano, Jr.
2/05/2025 Senate First Reading
2/05/2025 Senate Referred to Assignments
2/14/2025 Senate Added as Co-Sponsor Sen. Chris Balkema
2/14/2025 Senate Sponsor Removed Sen. Chris Balkema
2/14/2025 Senate Added as Chief Co-Sponsor Sen. Chris Balkema