Bill Title: Amends the Illinois Income Tax Act. Removes a provision that sets forth the basic amount of the standard exemption for taxable years ending on or after December 31, 2023 and prior to December 31, 2024, and restores the cost-of-living adjustment for the basic amount that had been operative before the effective date of Public Act 103-9. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2024-04-19 - Added Chief Co-Sponsor Rep. Patrick Sheehan [HB4998 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Amy Elik [R]	Primary	Sponsored Bills	HD-111	FollowTheMoney	Ballotpedia	VoteSmart
Representative Patrick Sheehan [R]	Cosponsor	Sponsored Bills	HD-037	FollowTheMoney	Ballotpedia	N/A

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