Bill Title: Amends the Illinois Income Tax Act. Provides that the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and spouses of such taxpayers is $2,000 for taxable years beginning on or after January 1, 2024 (currently, $1,000). Effective immediately.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced) 2023-03-29 - Added as Co-Sponsor Sen. Win Stoller [SB0330 Detail]

Text: Latest bill text (Introduced) [HTML]

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