Bill Texts: IL HB2608 | 2025-2026 | 104th 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.

Sponsorship: Partisan Bill (Republican 1)

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

Bill Drafts

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Introduced2025-02-04HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB2608

Supplemental Documents

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No supplemental documents for Illinois HB2608 currently on file.

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