Bill Status of HB 2608   104th General Assembly

Short Description:  INC TX-REDUCE INDIVIDUAL RATE

House Sponsors
Rep. Adam M. Niemerg

Last Action  View All Actions

DateChamber Action
  2/6/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/4/2025HouseFiled with the Clerk by Rep. Adam M. Niemerg
  2/6/2025HouseFirst Reading
  2/6/2025HouseReferred to Rules Committee

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