SB1956

INC TX-INTEREST MODIFICATION

Introduced·2/6/25
Introduced Text

Illinois SB1956 modifies tax interest rates for certain tax liabilities.

Illinois SB1956 modifies the tax interest rates for certain tax liabilities. The bill specifies the rates for different periods and types of tax liabilities, affecting taxpayers by altering the interest they owe on unpaid taxes.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Assignments Committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

History

Jun 2, 2025

Senate

Rule 3-9(a) / Re-referred to Assignments

May 23, 2025

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

May 9, 2025

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025