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: (Introduced) 2023-03-24 - Added Co-Sponsor Rep. Tom Weber [HB2599 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Adam Niemerg [R]	Primary	Sponsored Bills	HD-102	FollowTheMoney	Ballotpedia	VoteSmart
Representative Chris Miller [R]	Cosponsor	Sponsored Bills	HD-101	FollowTheMoney	Ballotpedia	VoteSmart
Representative Amy Grant [R]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Representative Martin McLaughlin [R]	Cosponsor	Sponsored Bills	HD-052	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jason Bunting [R]	Cosponsor	Sponsored Bills	HD-106	FollowTheMoney	Ballotpedia	N/A
Representative Tom Weber [R]	Cosponsor	Sponsored Bills	HD-064	FollowTheMoney	Ballotpedia	VoteSmart

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