HB2897 - 104th General Assembly

INC TX-INCREASE LGDF
Last Action
2/06/2025 - House: Referred to Rules Committee
House Sponsors
Rep. Matt Hanson
Statutes Amended In Order of Appearance
35 ILCS 5/901
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, beginning July 1, 2025, the Department of Revenue shall deposit 10% of the net revenue realized from the income taxes imposed under the Act directly into the Local Government Distributive Fund as that revenue is realized. Effective immediately.
Actions
Date Chamber Action
2/05/2025 House Filed with the Clerk by Rep. Matt Hanson
2/06/2025 House First Reading
2/06/2025 House Referred to Rules Committee