Bill Text: IL HR0024 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: States the belief that the Illinois Income Tax Act should not be amended to permit taxing retirement income.

Spectrum: Partisan Bill (Republican 38-0)

Status: (Introduced) 2024-06-29 - Rule 19(b) / Re-referred to Rules Committee [HR0024 Detail]

Download: Illinois-2023-HR0024-Introduced.html

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HR0024 LRB103 05829 ECR 50849 r
HOUSE RESOLUTION
WHEREAS, The State of Illinois exempts state taxation of
retirement income; and
WHEREAS, Retirees living on a fixed income have limited
ability to rejoin the workforce, face high health care costs,
and have little ability to save money; and
WHEREAS, Retirees could not have anticipated in their
lifetime of planning that their retirement income would
suddenly be taxed by the State, forcing them to cut already
strained household budgets; and
WHEREAS, Retirees do pay many other taxes, such as federal
income taxes, property taxes, and sales taxes; and
WHEREAS, The exclusion of taxing retirement income
encourages residents to remain living throughout their
retirement in Illinois and encourages newly retired Americans
to relocate to the State; therefore, be it
RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE
HUNDRED THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
we state our belief that the Illinois Income Tax Act should not
be amended to permit taxing retirement income; and be it

HR0024 - 2 - LRB103 05829 ECR 50849 r
further
RESOLVED, That suitable copies of this resolution be
delivered to all Illinois constitutional officers, the Speaker
and Minority Leader of the Illinois House of Representatives,
and the President and Minority Leader of the Illinois Senate.