Illinois - Session 104
Title: INC TX-REDUCE INDIVIDUAL RATE
Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, estates, and certain pass-through entities from 4.95% to 3.75%. Reduces the rate of tax on corporations from 7% to 6%. Effective immediately.
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| Date | Event | Detail |
|---|---|---|
| 2025-02-06 | Introduced | Bill introduced |
| 2025-02-06 | Status | in_committee |
| 2025-02-06 | Latest Action | 2/06/2025 - House: |
| Bill | Title | Status |
|---|---|---|
| HB 1024 | LOCAL CLOSED-DOOR TAX INCREASE | in_committee |
| HB 1027 | PROP TX-VETERANS-SPOUSE | in_committee |
| HB 1046 | PEN CD-POLICE AND FIRE | in_committee |
| HB 1143 | ILLINOIS CURE ACT | in_committee |
| HB 1167 | PROP TX-SOUTH SUBURBAN CREDIT | in_committee |
| HB 1169 | 501(C)(3) LOBBYING FEE EXEMPT | in_committee |
| HB 1179 | INC TX-BLOOD DONATION | in_committee |
| HB 1228 | MEDICAL CANNABIS-TAX | in_committee |