Bill Status of HB 1203   104th General Assembly

Short Description:  INC TX-RATES

House Sponsors
Rep. Dave Severin

Last Action  View All Actions

DateChamber Action
  1/9/2025HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201

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 
DateChamber Action
  1/9/2025HouseFiled with the Clerk by Rep. Dave Severin
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee

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