104th General Assembly
SB 1734
INC Tx-standard exemption
INC TX-Standard Exemption
In Committee
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
Amends the Illinois Income Tax Act. Provides that the cost-of-living adjustment to the standard exemption applies on a permanent basis (currently, for taxable years that end on or before December 31, 2028). Effective immediately.
Sponsors
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Primary sponsor
Jr. Li Arellano
SenateIL
Cosponsor
Chris Balkema
SenateILRepublican
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