Bill Status of HB5193  103rd General Assembly

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Short Description:  INC TX-RATES

House Sponsors
Rep. Brad Halbrook

Last Action

Date	Chamber	Action
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

35 ILCS 5/201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, and estates from 4.95% to 3.99% for taxable years beginning on or after January 1, 2025. Effective immediately.

Actions 

Date	Chamber	Action
2/8/2024	House	Filed with the Clerk by Rep. Brad Halbrook
2/9/2024	House	First Reading
2/9/2024	House	Referred to Rules Committee
3/12/2024	House	Assigned to Revenue & Finance Committee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee