HB 1203

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: March 21, 2025.

INC TX-RATES.

Bill ID IL-104-HB-1203
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2025-03-21
Tax / Budget / Appropriations
Summary

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.

Sponsor
Dave Severin
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-09 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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