INC TX-STANDARD EXEMPTION Senate SponsorsSen. Li Arellano, Jr.-Chris Balkema 2/5/2025SenateReferred to Assignments 35 ILCS 5/204from Ch. 120, par. 2-204Amends 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. 2/5/2025SenateFiled with Secretary by Sen. Li Arellano, Jr. 2/5/2025SenateFirst Reading 2/5/2025SenateReferred to Assignments 2/14/2025SenateAdded as Co-Sponsor Sen. Chris Balkema 2/14/2025SenateSponsor Removed Sen. Chris Balkema 2/14/2025SenateAdded as Chief Co-Sponsor Sen. Chris Balkema