Bill Title: Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, estates, and certain pass-through entities from 4.95% to 3.75%. Reduces the rate of tax on corporations from 7% to 6%. Effective immediately.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Failed) 2025-01-07 - Session Sine Die [HB2599 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-02-15	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB2599

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB2599 currently on file.

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