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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