HB 2608

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: February 6, 2025.

INC TX-REDUCE INDIVIDUAL RATE.

Bill ID IL-104-HB-2608

Session 104

Status in_committee

Committee Rules Committee

House of Representatives in_committee 2025-02-06

Tax / Budget / Appropriations

Summary

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.

Sponsor

Adam M. Niemerg

Official Source Back to Bills

Actions Timeline

Date	Event	Detail
2025-02-06	Introduced	Bill introduced
2025-02-06	Status	in_committee
2025-02-06	Latest Action	2/06/2025 - House:

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