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HB 2734 Illinois House · 104th Regular Session

INC TX-OVERTIME DEDUCTION

Summary
Amends the Illinois Income Tax Act. Creates an income tax deduction for the amount of overtime compensation that is paid to the taxpayer during the taxable year and that is included in the taxpayer's federal adjusted gross income. Effective immediately.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for overtime pay, reducing taxable income and providing relief to taxpayers under Illinois Income Tax Act.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates tax deduction for overtime pay, increasing workers' net income by reducing taxable income on overtime compensation.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2025 Last action Feb 6, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 6, 2025
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of C.D. Davidsmeyer
C.D. Davidsmeyer
RRepublican
IL
100