Bill Status of SB 1734   104th General Assembly

Short Description:  INC TX-STANDARD EXEMPTION

Senate Sponsors
Sen. Li Arellano, Jr.-Chris Balkema

Last Action  View All Actions

DateChamber Action
  2/5/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/204from Ch. 120, par. 2-204

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the cost-of-living adjustment to the standard exemption applies on a permanent basis (currently, for taxable years that end on or before December 31, 2028). Effective immediately.

Actions 
DateChamber Action
  2/5/2025SenateFiled with Secretary by Sen. Li Arellano, Jr.
  2/5/2025SenateFirst Reading
  2/5/2025SenateReferred to Assignments
  2/14/2025SenateAdded as Co-Sponsor Sen. Chris Balkema
  2/14/2025SenateSponsor Removed Sen. Chris Balkema
  2/14/2025SenateAdded as Chief Co-Sponsor Sen. Chris Balkema

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