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HB 4455 Illinois House · 98th Regular Session

INC TX-REDUCE RATES

Summary
Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, and estates to 3.375% for taxable years beginning on or after January 1, 2015 and 2.925% for taxable years beginning on or after January 1, 2025. Reduces the rate of tax on corporations to 4.725% for taxable years beginning on or after January 1, 2015 and 4.32% for taxable years beginning on or after January 1, 2025. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Jan 2014
Committee Review
Floor Vote
Governor
Introduced Jan 29, 2014 Last action Dec 3, 2014
Floor votes

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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Feb 3, 2014
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

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