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, 2013. 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
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 25, 2013
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
3
Dec 3, 2014
House · Failed
Session Sine Die
Mar 22, 2013
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 4, 2013
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 26, 2013
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
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