Bill Title: Amends the Illinois Income Tax Act. Provides that taxpayers (other than estates, trusts, partnerships, Subchapter S corporations, and farmers) are required to pay estimated tax if the amount payable can reasonably be expected to be more than $1,000 (currently, $500). Provides that corporations are required to pay estimated tax if the amount payable can reasonably be expected to be more than $400 (which is the same as current law). Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2019-08-09 - Public Act . . . . . . . . . 101-0355 [SB1800 Detail]

Text: Latest bill text (Chaptered) [HTML]

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