The State's Credit Fundamentals Continue to Improve

Fair Income Tax Elements ✓ Filers at or below $250,000 – 97% of taxpayers - will have lower tax bill 20% increase in current property tax credit against state income taxes ✓ Credit goes from 5% of property taxes paid to 6% of property taxes paid (estimated value $100 million) $100 per child Child Tax Credit for: ✓ Single filers under $80K (phase-out starting @ $40K) Joint filers under $100K (phase-out starting @ $60K) Top rate of 7.95% once income exceeds $1.0 million ✓ Once income reaches $1.0 million, entire income is taxed at 7.95% rate ✓ Corporate income tax rate to match top individual income tax rate (7.95%) 17 AL OF THE STAT OF ILLINO AUG. 26 1818

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