IllinoisHB2897104th General Assembly (2025–2026)House

INC TX-INCREASE LGDF

Sponsored By: Matt Hanson (Democratic)

In Committee

Summary

Amends the Illinois Income Tax Act. Provides that, beginning July 1, 2025, the Department of Revenue shall deposit 10% of the net revenue realized from the income taxes imposed under the Act directly into the Local Government Distributive Fund as that revenue is realized. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Matt Hanson

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Rules Committee

    2/6/2025House
  2. First Reading

    2/6/2025House
  3. Filed with the Clerk by Rep. Matt Hanson

    2/5/2025House

Bill Text

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