HB 2483 Illinois House · 104th Regular Session

INC TX-SURPLUS FUNDS

Summary

Amends the Illinois Income Tax Act. In provisions concerning transfers of surplus moneys from the Income Tax Refund Fund to the General Revenue Fund, provides that "surplus" means the cash balance in the Income Tax Refund Fund at the end of the applicable fiscal year, less amounts attributable to certain specified transfers. Effective immediately.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Apr 11, 2025

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 11, 2025

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 20, 2025

Lower · Passed

Do Pass / Short Debate Revenue & Finance Committee; 020-000-000

lower

Mar 20, 2025

Lower · Passed

Reported Back To Revenue & Finance Committee;

lower

Mar 20, 2025

Lower · Passed

Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-000-000

lower

Mar 6, 2025

Lower · Passed

To Tax Policy: Income Tax Subcommittee

lower

Mar 4, 2025

Committee

Assigned to Revenue & Finance Committee

lower

Feb 4, 2025

Committee

Referred to Rules Committee

lower

1 primary · 0 co-sponsors