Bill Status of SB4161 102nd General Assembly
Short Description: INC TX-STANDARD EXEMPT
Sen. Sue Rezin - Jil Tracy - Jason Plummer - Brian W. Stewart, Dale Fowler, Donald P. DeWitte, Terri Bryant, Craig Wilcox, Darren Bailey, Sally J. Turner, Win Stoller, Dan McConchie, Jason A. Barickman, Steve McClure, Dave Syverson and Chapin Rose
| 2/9/2022||Senate||Referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and spouses of such taxpayers is $2,000 for taxable years beginning on or after January 1, 2022 (currently, $1,000). Effective immediately.