INC TX-REDUCE INDIVIDUAL RATE House SponsorsRep. Adam M. Niemerg, Chris Miller, Amy L. Grant, Martin McLaughlin, Jason Bunting and Tom Weber 1/7/2025HouseSession Sine Die 35 ILCS 5/201 Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, estates, and certain pass-through entities from 4.95% to 3.75%. Reduces the rate of tax on corporations from 7% to 6%. Effective immediately. 2/15/2023HouseFiled with the Clerk by Rep. Adam M. Niemerg 2/15/2023HouseFirst Reading 2/15/2023HouseReferred to Rules Committee 3/16/2023HouseAdded Co-Sponsor Rep. Chris Miller 3/24/2023HouseAdded Co-Sponsor Rep. Amy L. Grant 3/24/2023HouseAdded Co-Sponsor Rep. Martin McLaughlin 3/24/2023HouseAdded Co-Sponsor Rep. Jason Bunting 3/24/2023HouseAdded Co-Sponsor Rep. Tom Weber 1/7/2025HouseSession Sine Die