Illinois House Bill 1203: INC TX-RATES

Illinois · 104th session

What it does

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.

Latest action

Rule 19(a) / Re-referred to Rules Committee (2025-03-21)

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