IL Code | §35-5-207 | Current

State	Bill	Summary/Title	Last Action
IL	HB0091	Amends the Illinois Income Tax Act. Reduces the rate of tax to 3% for individuals, trusts, and estates and 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Removes a limitation providing that no net loss... [Detail][Text]	2013-03-22 To House Rules Committee
IL	HB1510	Amends the Illinois Income Tax Act. Provides that no net loss carryover deduction shall exceed $100,000 for any taxable year ending on or after December 31, 2012 and prior to December 31, 2013 (instead of December 31, 2014). Effective immediately. [Detail][Text]	2013-03-22 To House Rules Committee
IL	HB1515	Amends the Illinois Income Tax Act. Extends the carryback and carryover periods for net losses by an additional 5 years. [Detail][Text]	2013-03-22 To House Rules Committee
IL	SB1677	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. [Detail][Text]	2013-02-27 To Senate Appropriations I Committee