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<xml>
<title>Illinois General Assembly - Bill Status for SB 3575         </title>
<shortdesc>INC TX-STANDARD EXEMPTION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. John F. Curran, Win Stoller, Jil Tracy and Sue Rezin</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/204</reference><aliasreference>from Ch. 120, par. 2-204</aliasreference><reference>5 ILCS 100/5-45.55 new</reference><aliasreference></aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. John F. Curran</action>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2024</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/20/2024</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/15/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 5, 2024</action>
<statusdate>4/5/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 3, 2024</action>
<statusdate>5/3/2024</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>6/11/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Win Stoller</action>
<statusdate>6/26/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Jil Tracy</action>
<statusdate>7/2/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Sue Rezin</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

