HB 2599

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Reduce Individual Rate

Abstract

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.

Bill Sponsors (6)

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Mar 24, 2023

House

Added Co-Sponsor Rep. Tom Weber

House

Added Co-Sponsor Rep. Amy L. Grant

House

Added Co-Sponsor Rep. Martin McLaughlin

House

Added Co-Sponsor Rep. Jason Bunting

Mar 16, 2023

House

Added Co-Sponsor Rep. Chris Miller

Feb 15, 2023

House

Filed with the Clerk by Rep. Adam M. Niemerg

House

First Reading

House

Referred to Rules Committee

Bill Text

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Introduced HTML PDF

Related Documents

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Sources

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