104th General Assembly
HB 4089
INC Tx-estimated payments
INC TX-Estimated Payments
In Committee
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2026, eligible taxpayers that are not corporations are required to pay estimated tax if the amount payable as estimated tax can reasonably be expected to be more than $25,000 (currently, $1,000). Effective immediately.
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