· IL legislature · 104th

INC TX-RATES

Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates is 4.85% (currently, 4.95%). Makes a conforming change concerning the pass-through entity tax. Effective immediately.

Sponsor

Dave Severin (R-IL)

Introduced

2025-01-09

Policy area

Taxation

Latest action

Rule 19(a) / Re-referred to Rules Committee