Illinois General Assembly - Bill Status for HB3686
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 Bill Status of HB3686  103rd General Assembly


Short Description:  INC TX-RATES

House Sponsors
Rep. Dave Severin

Last Action
DateChamber Action
  2/28/2024HouseAssigned to Revenue & Finance Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates is 4.85% (currently, 4.95%). Makes a conforming change concerning the pass-through entity tax. Effective immediately.

Actions 
DateChamber Action
  2/17/2023HouseFiled with the Clerk by Rep. Dave Severin
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/9/2023HouseTo Revenue-Income Tax Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  2/28/2024HouseAssigned to Revenue & Finance Committee

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