SB 1734

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: February 5, 2025.

INC TX-STANDARD EXEMPTION.

Bill ID IL-104-SB-1734
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2025-02-05
Tax / Budget / Appropriations
Summary

Amends the Illinois Income Tax Act. Provides that the cost-of-living adjustment to the standard exemption applies on a permanent basis (currently, for taxable years that end on or before December 31, 2028). Effective immediately.

Sponsor
Li Arellano, Jr.
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-05 Introduced Bill introduced
2025-02-05 Status in_committee
2025-02-05 Latest Action 2/05/2025 - Senate:
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