Bill Status of HB2774  103rd General Assembly

Short Description:  INC TX-STANDARD EXEMPTION

House Sponsors
Rep. Kelly M. Burke

Last Action
DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years ending before December 31, 2028 (currently, December 31, 2023), when calculating the standard exemption, the basic amount shall be $2,050 plus a specified cost-of-living adjustment. Effective immediately.

Actions 
DateChamber Action
  2/16/2023HouseFiled with the Clerk by Rep. Kelly M. Burke
  2/16/2023HouseFirst Reading
  2/16/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/2/2023HouseTo Revenue-Income Tax Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee