INC TX-MINIMUM WAGE
Summary
Amends the Illinois Income Tax Act. Reduces the income tax rate for corporations to 3.5% for taxable years beginning on or after January 1, 2014. Removes a provision reducing the income tax rate on corporations if the State exceeds the specified spending limitation. Amends the Minimum Wage Law. Increases the minimum wage to $12 per hour on October 1, 2014. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 7, 2014
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 13, 2015
Senate · Failed
Session Sine Die
Apr 11, 2014
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 28, 2014
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 11, 2014
Feb 25, 2014
Senate · Referred to committee
Assigned to Executive
Feb 7, 2014
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Michael Noland
DDemocratic
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