Bill Status of HB 2897   104th General Assembly

Short Description:  INC TX-INCREASE LGDF

House Sponsors
Rep. Matt Hanson

Last Action  View All Actions

DateChamber Action
  2/6/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, beginning July 1, 2025, the Department of Revenue shall deposit 10% of the net revenue realized from the income taxes imposed under the Act directly into the Local Government Distributive Fund as that revenue is realized. Effective immediately.

Actions 
DateChamber Action
  2/5/2025HouseFiled with the Clerk by Rep. Matt Hanson
  2/6/2025HouseFirst Reading
  2/6/2025HouseReferred to Rules Committee

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