· IL legislature · 104th

INC TX-STANDARD EXEMPTION

Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2025, the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and their spouses is $2,000 (currently, $1,000). Effective immediately.

Sponsor

Sue Rezin (R-IL)

Introduced

2025-02-05

Policy area

Taxation

Latest action

Rule 3-9(a) / Re-referred to Assignments