INC TX-ESTIMATED TAX House SponsorsRep. Curtis J. Tarver, II 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 35 ILCS 5/804from Ch. 120, par. 8-804 Amends the Illinois Income Tax Act. In provisions concerning the estimated tax, provides that the required annual payment is the lesser of: (i) 90% of the tax shown on the return for the taxable year, or if no return is filed, 90% of the tax for the year; (ii) 100% of the tax shown on the return of the taxpayer for the preceding taxable year if a return showing a liability for tax was filed by the taxpayer for the preceding taxable year and the preceding year was a taxable year of 12 months; or (iii) 90% of the tax for the taxable year that would have been due based on the Act as it exists on the first day of the taxable year. Effective immediately. 2/4/2025HouseFiled with the Clerk by Rep. Curtis J. Tarver, II 2/6/2025HouseFirst Reading 2/6/2025HouseReferred to Rules Committee 3/4/2025HouseAssigned to Revenue & Finance Committee 3/6/2025HouseTo Tax Policy: Income Tax Subcommittee 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee