Bill Status of HB 2599   103rd General Assembly

Short Description:  INC TX-REDUCE INDIVIDUAL RATE

House Sponsors
Rep. Adam M. Niemerg, Chris Miller, Amy L. Grant, Martin McLaughlin, Jason Bunting and Tom Weber

Last Action  View All Actions

DateChamber Action
  2/15/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, estates, and certain pass-through entities from 4.95% to 3.75%. Reduces the rate of tax on corporations from 7% to 6%. Effective immediately.

Actions 
DateChamber Action
  2/15/2023HouseFiled with the Clerk by Rep. Adam M. Niemerg
  2/15/2023HouseFirst Reading
  2/15/2023HouseReferred to Rules Committee
  3/16/2023HouseAdded Co-Sponsor Rep. Chris Miller
  3/24/2023HouseAdded Co-Sponsor Rep. Amy L. Grant
  3/24/2023HouseAdded Co-Sponsor Rep. Martin McLaughlin
  3/24/2023HouseAdded Co-Sponsor Rep. Jason Bunting
  3/24/2023HouseAdded Co-Sponsor Rep. Tom Weber

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