IL HB2608 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 4 2025 - 25% progression, died in committee
Action: 2025-02-06 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 4 2025 - 25% progression, died in committee
Action: 2025-02-06 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
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.
Title
INC TX-REDUCE INDIVIDUAL RATE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-06 | House | Referred to Rules Committee |
| 2025-02-06 | House | First Reading |
| 2025-02-04 | House | Filed with the Clerk by Rep. Adam M. Niemerg |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
