Illinois Senate Bill 3425: INC TX-STANDARD EXEMPTION

Illinois · 104th session

Status: In committee

What it does

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.

Latest action

Rule 3-9(a) / Re-referred to Assignments (2026-05-22)

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