Quincy Reporter

Neil Anderson introduced SB0174 in the Illinois Senate on Jan. 17, 2025, during the general assembly session 104, according to the Illinois General Assembly.

According to the Illinois General Assembly site, the legislature summarized the bill's official text as follows: "Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to any overtime wages paid to the taxpayer during the taxable year. Effective immediately."

The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.

In essence, this bill amends the Illinois Income Tax Act to create a deduction equal to any overtime wages paid to a taxpayer during the taxable year. The bill specifies that this deduction applies to wages earned at both regular and overtime rates, provided they exceed the taxpayer's usual monthly or weekly salary. The goal of the bill appears to be to alleviate the tax burden on individuals who earn overtime wages. The bill becomes effective immediately upon becoming law.

Anderson graduated from the University of Nebraska-Lincoln with a BA.

Neil Anderson is currently serving in the Illinois State Senate, representing the state's 47th Senate District. He replaced previous state senator Jil Tracy in 2023.

Bills in Illinois follow a multi-step legislative process, beginning with introduction in either the House or Senate, followed by committee review, floor debates, and votes in both chambers before reaching the governor for approval or veto. The General Assembly operates on a biennial schedule, and while typically thousands of bills are introduced each session, only a fraction successfully pass through the process to become law.

You can read more about bills and other measures here.

Bill Number	Date Introduced	Short Description
SB0174	01/17/2025	Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to any overtime wages paid to the taxpayer during the taxable year. Effective immediately.