Session: 104th General Assembly Year: 2025 Bill #: HB1203 Category: Revenue Position: No position Mandate? Revenue Loss? Authority Preemption? View bill
Summary as Introduced
Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates is 4.85% (currently, 4.95%). Makes a conforming change concerning the pass-through entity tax. Effective immediately.