IL HB0319 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Reduces the income tax rate for corporations to 2.625% for taxable years beginning on or after January 1, 2019. Effective immediately.

Tracking Information

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Title

INC TX-CORPORATE INCOME TAX

Sponsors


History

DateChamberAction
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-02-14HouseTo Income Tax Subcommittee
2019-02-05HouseAssigned to Revenue & Finance Committee
2019-01-10HouseReferred to Rules Committee
2019-01-10HouseFirst Reading
2019-01-10HouseFiled with the Clerk by Rep. David McSweeney

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355201Amended CodeCitation Text
355901Amended CodeCitation Text

Illinois State Sources


Bill Comments

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