SB3425 - 104th General Assembly (2025-2026)

INC TX-STANDARD EXEMPTION
Last Action
2/04/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Sue Rezin
Statutes Amended In Order of Appearance
35 ILCS 5/204  from Ch. 120, par. 2-204
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2026, the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and their spouses is $2,000 (currently, $1,000). Effective immediately.
Actions
DateChamberAction
2/04/2026SenateFiled with Secretary by Sen. Sue Rezin
2/04/2026SenateFirst Reading
2/04/2026SenateReferred to Assignments