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, 2015. 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 2015
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2015
Last action Jan 10, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 10, 2017
House · Failed
Session Sine Die
Mar 27, 2015
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 13, 2015
House · Reported by committee
To Income Tax Subcommittee
Mar 10, 2015
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 26, 2015
House · Referred to committee
Referred to Rules Committee
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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