· IL legislature · 104th

INC TX-INCREASE LGDF

Amends the Illinois Income Tax Act. Provides that, beginning July 1, 2025, the Department of Revenue shall deposit 10% of the net revenue realized from the income taxes imposed under the Act directly into the Local Government Distributive Fund as that revenue is realized. Effective immediately.

Sponsor

Matt Hanson (D-IL)

Introduced

2025-02-05

Policy area

Taxation

Latest action

Referred to Rules Committee