Illinois General Assembly - Bill Status for HB3476
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB3476  102nd General Assembly


House Sponsors
Rep. Delia C. Ramirez, Kelly M. Cassidy, Will Guzzardi and Anna Moeller

Last Action
DateChamber Action
  1/10/2023HouseSession 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.

DateChamber Action
  2/19/2021HouseFiled with the Clerk by Rep. Delia C. Ramirez
  2/22/2021HouseFirst Reading
  2/22/2021HouseReferred to Rules Committee
  3/16/2021HouseAssigned to Revenue & Finance Committee
  3/25/2021HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  5/7/2021HouseAdded Co-Sponsor Rep. Will Guzzardi
  5/14/2021HouseAdded Co-Sponsor Rep. Anna Moeller
  2/9/2022HouseAssigned to Revenue & Finance Committee
  2/15/2022HouseTo Income Tax Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023HouseSession Sine Die

Back To Top