SB2094 Summary

• Amends the Illinois Income Tax Act Section 201 to make a technical change regarding the tax imposed on individuals, corporations, trusts, and estates.

• Changes the reference to "and estate" by correcting grammatical placement of the word "and" in the list of entities subject to income tax.

• Maintains all existing tax rates, credits, and deductions for individuals, corporations, and other entities under the Illinois Income Tax Act.