INCOME TAX-REDUCE RATE
Summary
Amends the Illinois Income Tax Act. Reduces the rate of tax to (i) 3% for individuals, trusts, and estates, and (ii) 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2013
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2013
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
3
Jan 13, 2015
Senate · Failed
Session Sine Die
Aug 9, 2013
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Feb 27, 2013
Senate · Referred to committee
Assigned to Appropriations I
Feb 15, 2013
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Matt Murphy
RRepublican
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