INC TX-REDUCE INDIVIDUAL RATE House SponsorsRep. Adam M. Niemerg 2/6/2025HouseReferred to Rules Committee 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. 2/4/2025HouseFiled with the Clerk by Rep. Adam M. Niemerg 2/6/2025HouseFirst Reading 2/6/2025HouseReferred to Rules Committee