Illinois HB 2605: INC TX-STANDARD EXEMPTION

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB2605

Introduced 2/6/2025, by Rep. Adam M. Niemerg 

SYNOPSIS AS INTRODUCED:

35 ILCS 5/204 from Ch. 120, par. 2-204

 Amends the Illinois Income Tax Act. Increases the standard exemption to $150,000. Effective immediately.

LRB104 10356 HLH 20431 b

A BILL FOR

HB2605LRB104 10356 HLH 20431 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Income Tax Act is amended by 

5changing Section 204 as follows:

6 (35 ILCS 5/204) (from Ch. 120, par. 2-204)

7 Sec. 204. Standard exemption. 

8 (a) Allowance of exemption. In computing net income under 

9this Act, there shall be allowed as an exemption the sum of the 

10amounts determined under subsections (b), (c) and (d), 

11multiplied by a fraction the numerator of which is the amount 

12of the taxpayer's base income allocable to this State for the 

13taxable year and the denominator of which is the taxpayer's 

14total base income for the taxable year.

15 (b) Basic amount. For the purpose of subsection (a) of 

16this Section, except as provided by subsection (a) of Section 

17205 and in this subsection, each taxpayer shall be allowed a 

18basic amount of $1000, except that for corporations the basic 

19amount shall be zero for tax years ending on or after December 

2031, 2003, and for individuals the basic amount shall be:

21 (1) for taxable years ending on or after December 31, 

22 1998 and prior to December 31, 1999, $1,300;

23 (2) for taxable years ending on or after December 31, 

HB2605- 2 -LRB104 10356 HLH 20431 b

1 1999 and prior to December 31, 2000, $1,650;

2 (3) for taxable years ending on or after Dec