Illinois Senate Bill 1734: INC TX-STANDARD EXEMPTION

Illinois · 104th session

What it does

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.

Latest action

Added as Chief Co-Sponsor Sen. Chris Balkema (2025-02-14)

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