Session: 103rd General Assembly Year: 2023 Bill #: HB3686 Category: Revenue Position: No position Mandate? Revenue Loss? Yes 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.