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.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2025-02-06 - Referred to Rules Committee [HB2608 Detail]

Text: Latest bill text (Introduced) [HTML]

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