Where to watch Fox 2 News during the US Open and World Cup soccer

Illinois House to take up likely $5 billion income tax bill

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Illinois House of Representatives at the State Capitol in Springfield.

SPRINGFIELD, Ill. (AP) – The Illinois House plans a vote Sunday on what would likely be an increase in the personal income tax rate of 32 percent as the search continues for a budget settlement.

The state entered its third straight fiscal year Saturday without a budget plan. It’s the longest of any state since the Great Depression and comes with a $6.2 billion deficit and $14.7 billion in past-due bills.

Chicago Democratic House Speaker Michael Madigan announced Saturday there would be a vote on a revenue package “modeled on the bill supported by the governor.”

He didn’t specify the legislation. But it likely a measure that was earlier negotiated in the Senate that includes an increase in the personal income tax rate from 3.75 percent to 4.95 percent. It would raise about $5 billion.


The current revenue bill is SB9 .