INC TX-CORPORATE RATE
Summary
Amends the Illinois Income Tax Act. Reduces the rate of tax on corporations to 4.8% for taxable years beginning on or after January 1, 2012. Makes corresponding changes concerning transfers from the General Revenue Fund to the Local Government Distributive Fund. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Dec 2011
Committee Review
Floor Vote
Governor
Introduced Dec 13, 2011
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
14
Key actions
0
Committee
1
Jan 8, 2013
House · Failed
Session Sine Die
Jan 10, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Jerry F. Costello, II
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 3917
Scope: IL
Hi! I can help you understand HB 3917. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline