HB1203 - 104th General Assembly (2025-2026)
INC TX-RATES
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates is 4.85% (currently, 4.95%). Makes a conforming change concerning the pass-through entity tax. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/09/2025 | House | Filed with the Clerk by Rep. Dave Severin |
| 1/09/2025 | House | First Reading |
| 1/09/2025 | House | Referred to Rules Committee |
| 2/11/2025 | House | Assigned to Revenue & Finance Committee |
| 2/25/2025 | House | To Income Tax Subcommittee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |