IL SB0330 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on February 2 2023 - 25% progression
Action: 2023-03-29 - Added as Co-Sponsor Sen. Win Stoller
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 2 2023 - 25% progression
Action: 2023-03-29 - Added as Co-Sponsor Sen. Win Stoller
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and spouses of such taxpayers is $2,000 for taxable years beginning on or after January 1, 2024 (currently, $1,000). Effective immediately.
Title
INC TX-STANDARD EXEMPT
Sponsors
| Sen. Susan Rezin [R] | Sen. Jason Plummer [R] | Sen. Sally Turner [R] | Sen. Dave Syverson [R] |
| Sen. Erica Harriss [R] | Sen. Win Stoller [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-03-29 | Senate | Added as Co-Sponsor Sen. Win Stoller |
| 2023-03-29 | Senate | Added as Co-Sponsor Sen. Erica Harriss |
| 2023-03-28 | Senate | Added as Co-Sponsor Sen. Dave Syverson |
| 2023-03-28 | Senate | Added as Chief Co-Sponsor Sen. Jason Plummer |
| 2023-03-28 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 2023-02-02 | Senate | Referred to Assignments |
| 2023-02-02 | Senate | First Reading |
| 2023-02-02 | Senate | Filed with Secretary by Sen. Sue Rezin |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 204 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=330&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB0330.htm |
