Illinois - Session 104
Title: INC TX-INCREASE LGDF
Amends the Illinois Income Tax Act. Provides that, beginning July 1, 2025, the Department of Revenue shall deposit 10% of the net revenue realized from the income taxes imposed under the Act directly into the Local Government Distributive Fund as that revenue is realized. Effective immediately.
| Date | Event | Detail |
|---|---|---|
| 2025-02-06 | Introduced | Bill introduced |
| 2025-02-06 | Status | in_committee |
| 2025-02-06 | Latest Action | 2/06/2025 - House: |