INC TX-CAPITAL GAINS SURCHARGE Senate SponsorsSen. Robert Peters-Mike Simmons, Ram Villivalam and Omar Aquino 1/10/2023SenateSession Sine Die 35 ILCS 5/201Amends the Illinois Income Tax Code. Provides, for tax years ending on or after December 31, 2021, a surcharge is imposed on an Illinois resident's low-taxed investment income. Defines "low-taxed investment income". Provides how the surcharge is calculated. Exempts from the surcharge: (i) resident married individuals filing joint returns, if Illinois taxable income is not more than $250,000; (ii) a resident head of household, if Illinois taxable income is not more than $200,000; and (iii) resident unmarried individuals, resident married individuals filing separate returns, and resident estates and trusts, if Illinois taxable income is not more than $150,000. Effective immediately. 2/26/2021SenateFiled with Secretary by Sen. Robert Peters 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 4/21/2021SenateAdded as Chief Co-Sponsor Sen. Mike Simmons 5/7/2021SenateAdded as Co-Sponsor Sen. Ram Villivalam 5/17/2021SenateAdded as Co-Sponsor Sen. Omar Aquino 1/10/2023SenateSession Sine Die