INC TX-RATES
Summary
Amends the Illinois Income Tax Act. For taxable years beginning on or after January 1, 2019, reduces the rate of tax to 3% for individuals, trusts, and estates and 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 10, 2019
Last action Mar 29, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
4
Mar 29, 2019
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 14, 2019
House · Reported by committee
To Income Tax Subcommittee
Feb 5, 2019
House · Referred to committee
Assigned to Revenue & Finance Committee
Jan 10, 2019
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
David McSweeney
RRepublican
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