Session: 103rd General Assembly Year: 2024 Bill #: HB5193 Category: Revenue Position: Oppose Mandate? Revenue Loss? Yes Authority Preemption? View bill
Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, and estates from 4.95% to 3.99% for taxable years beginning on or after January 1, 2025. Effective immediately.