HB1203 - 104th General Assembly

INC TX-RATES
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Dave Severin
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
Date Chamber Action
1/09/2025 House Filed with the Clerk by Rep. Dave Severin
1/09/2025 House First Reading
1/09/2025 House Referred to Rules Committee
2/11/2025 House Assigned to Revenue & Finance Committee
2/25/2025 House To Income Tax Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee