Peoria Standard

Rep. Tim Butler (R-Springfield) says it's important that the state doesn't tax retirement income.

“My oldest sister, when she moved back from Washington state a few years ago, she told me one of the great things -- she wasn't happy about her property taxes coming back -- but what she said was that one advantage we have in Illinois is the fact that we wouldn't tax her retirement," Butler said. "Not taxing retirement income is one of the advantages we have here in the state of Illinois to try to attract people to the state of Illinois."

Rep. Tom Demmer (R-Dixon) filed a resolution earlier this year, House Resolution 753, that would affirm trust in the decision voters made to reject taxing retirement income in 2020.

Butler further said, “We look back two years ago where we were at when the governor was pushing his graduated income tax, where Treasurer Frerichs was talking about the fact that we need to tax retirement income, and we look at where we are today. I think it became very well known that the right thing to do was not to pass the graduated income tax and put a lot of uncertainty upon the people of Illinois when it came to what their tax structure was going to be. We spent a lot of time talking about that two years ago. I'm honored to have co-sponsored Rep. Demmer's resolution regarding staying away from retirement tax in Illinois, as I think many of our House Republican colleagues have done.” 

House Resolution 753 was introduced on March 24 and is co-sponsored by every House Republican.

The resolution was referred to the House Rules Committee on March 25, but has not moved out of that committee since.