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IL HB4329

IL HB4329
INC TX-DEDUCTION FOR TIPS


summary

Introduced
01/07/2026
In Committee
02/11/2026
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the Illinois Income Tax Act. Creates an income tax deduction for gratuities that are included in the taxpayer's federal adjusted gross income. Effective immediately.

AI Summary

This bill amends the Illinois Income Tax Act to create a new income tax deduction for individuals. Specifically, it allows taxpayers to deduct the amount of gratuities, or tips, that they have already included in their federal adjusted gross income. This deduction is intended to reduce the state income tax burden on individuals who receive a significant portion of their income through tips. The bill takes effect immediately upon becoming law.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

To Tax Policy: Other Taxes Subcommittee (on 02/26/2026)

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