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