Bill Status of HB 5193   103rd General Assembly


Short Description:  INC TX-RATES

House Sponsors
Rep. Brad Halbrook

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred 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, and estates from 4.95% to 3.99% for taxable years beginning on or after January 1, 2025. Effective immediately.

Actions 
DateChamber Action
  2/8/2024HouseFiled with the Clerk by Rep. Brad Halbrook
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee
  3/12/2024HouseAssigned to Revenue & Finance Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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