Illinois General Assembly - Bill Status for HB4998
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 Bill Status of HB4998  103rd General Assembly


Short Description:  INC TX-STANDARD EXEMPTION

House Sponsors
Rep. Amy Elik - Patrick Sheehan

Last Action
DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/204from Ch. 120, par. 2-204
5 ILCS 100/5-45.55 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Removes a provision that sets forth the basic amount of the standard exemption for taxable years ending on or after December 31, 2023 and prior to December 31, 2024, and restores the cost-of-living adjustment for the basic amount that had been operative before the effective date of Public Act 103-9. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

Actions 
DateChamber Action
  2/7/2024HouseFiled with the Clerk by Rep. Amy Elik
  2/8/2024HouseFirst Reading
  2/8/2024HouseReferred to Rules Committee
  3/5/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue-Income Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee
  4/19/2024HouseAdded Chief Co-Sponsor Rep. Patrick Sheehan

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