Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

Synopsis As Introduced
Amends the Illinois Income Tax Code. Provides, for tax years ending on or after December 31, 2021, a surcharge is imposed on an Illinois resident's low-taxed investment income. Defines "low-taxed investment income". Provides how the surcharge is calculated. Exempts from the surcharge: (i) resident married individuals filing joint returns, if Illinois taxable income is not more than $250,000; (ii) a resident head of household, if Illinois taxable income is not more than $200,000; and (iii) resident unmarried individuals, resident married individuals filing separate returns, and resident estates and trusts, if Illinois taxable income is not more than $150,000. Effective immediately.

Actions 

Date	Chamber	Action
2/19/2021	House	Filed with the Clerk by Rep. Delia C. Ramirez
2/22/2021	House	First Reading
2/22/2021	House	Referred to Rules Committee
3/16/2021	House	Assigned to Revenue & Finance Committee
3/25/2021	House	Added Co-Sponsor Rep. Kelly M. Cassidy
3/27/2021	House	Rule 19(a) / Re-referred to Rules Committee
5/7/2021	House	Added Co-Sponsor Rep. Will Guzzardi
5/14/2021	House	Added Co-Sponsor Rep. Anna Moeller
2/9/2022	House	Assigned to Revenue & Finance Committee
2/15/2022	House	To Income Tax Subcommittee
2/18/2022	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die

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