Comments: IL HB2599 | 2023-2024 | 103rd General Assembly

Bill Title: 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.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced) 2023-03-24 - Added Co-Sponsor Rep. Tom Weber [HB2599 Detail]

Text: Latest bill text (Introduced) [HTML]

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