Illinois General Assembly - Bill Status for SB3575
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 Bill Status of SB3575  103rd General Assembly

Short Description:  INC TX-STANDARD EXEMPTION

Senate Sponsors
Sen. John F. Curran

Last Action
DateChamber Action
  2/20/2024SenateAssigned to Revenue

Statutes Amended In Order of Appearance
35 ILCS 5/204from Ch. 120, par. 2-204
5 ILCS 100/5-45.55 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Removes a provision that sets forth the basic amount of the standard exemption for taxable years ending on or after December 31, 2023 and prior to December 31, 2024, and restores the cost-of-living adjustment for the basic amount that had been operative before the effective date of Public Act 103-9. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

Actions 
DateChamber Action
  2/9/2024SenateFiled with Secretary by Sen. John F. Curran
  2/9/2024SenateFirst Reading
  2/9/2024SenateReferred to Assignments
  2/20/2024SenateAssigned to Revenue
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024

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