INC TX-RATES
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 8, 2024
Last action Apr 5, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
3
Apr 5, 2024
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 12, 2024
Committee
Assigned to Revenue & Finance Committee
lower
Feb 9, 2024
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Brad Halbrook
RRepublican
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