HB 4998

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

Inc Tx-Standard Exemption

Abstract

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.

Bill Sponsors (2)

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Apr 19, 2024

House

Added Chief Co-Sponsor Rep. Patrick Sheehan

Apr 05, 2024

House

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

Mar 08, 2024

House

To Revenue-Income Tax Subcommittee

Mar 05, 2024

House

Assigned to Revenue & Finance Committee

Feb 08, 2024

House

Referred to Rules Committee

House

First Reading

Feb 07, 2024

House

Filed with the Clerk by Rep. Amy Elik

Bill Text

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Introduced HTML PDF

Related Documents

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Sources

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