IL HB1203 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on January 9 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
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.
Title
INC TX-RATES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-21 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2025-02-25 | House | To Income Tax Subcommittee |
| 2025-02-11 | House | Assigned to Revenue & Finance Committee |
| 2025-01-09 | House | Referred to Rules Committee |
| 2025-01-09 | House | First Reading |
| 2025-01-09 | House | Filed with the Clerk by Rep. Dave Severin |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
