Date	Chamber	Action
1/10/2023	Senate	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
2/26/2021	Senate	Filed with Secretary by Sen. Robert Peters
2/26/2021	Senate	First Reading
2/26/2021	Senate	Referred to Assignments
4/21/2021	Senate	Added as Chief Co-Sponsor Sen. Mike Simmons
5/7/2021	Senate	Added as Co-Sponsor Sen. Ram Villivalam
5/17/2021	Senate	Added as Co-Sponsor Sen. Omar Aquino
1/10/2023	Senate	Session Sine Die

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