Illinois General Assembly - Bill Status for HB2483
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 Bill Status of HB2483  104th General Assembly


Short Description:  INC TX-SURPLUS FUNDS

House Sponsors
Rep. Stephanie A. Kifowit

Hearings
Tax Policy: Income Tax Subcommittee Hearing Mar 20 2025 8:07AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Tax Policy: Income Tax Subcommittee Hearing Mar 20 2025 2:07PM Stratton Building Room D-1 Springfield, IL
Revenue & Finance Committee Hearing Mar 20 2025 8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Revenue & Finance Committee Hearing Mar 20 2025 2:00PM Stratton Building Room D-1 Springfield, IL


Last Action
DateChamber Action
  3/6/2025HouseTo Tax Policy: Income Tax Subcommittee

Statutes Amended In Order of Appearance
35 ILCS 5/901


Synopsis As Introduced
Amends the Illinois Income Tax Act. In provisions concerning transfers of surplus moneys from the Income Tax Refund Fund to the General Revenue Fund, provides that "surplus" means the cash balance in the Income Tax Refund Fund at the end of the applicable fiscal year, less amounts attributable to certain specified transfers. Effective immediately.

Actions 
DateChamber Action
  2/3/2025HouseFiled with the Clerk by Rep. Stephanie A. Kifowit
  2/4/2025HouseFirst Reading
  2/4/2025HouseReferred to Rules Committee
  3/4/2025HouseAssigned to Revenue & Finance Committee
  3/6/2025HouseTo Tax Policy: Income Tax Subcommittee

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