IL HB4479 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 10-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 10-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
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. Effective immediately.
Title
INC TX-CORPORATE INCOME TAX
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-12-03 | House | Session Sine Die |
| 2014-02-05 | House | Added Co-Sponsor Rep. Jerry F. Costello, II |
| 2014-02-05 | House | Added Co-Sponsor Rep. Deborah Conroy |
| 2014-02-05 | House | Added Co-Sponsor Rep. Katherine Cloonen |
| 2014-02-05 | House | Added Co-Sponsor Rep. Sam Yingling |
| 2014-02-05 | House | Added Co-Sponsor Rep. Kathleen Willis |
| 2014-02-05 | House | Added Co-Sponsor Rep. Martin J. Moylan |
| 2014-02-05 | House | Added Co-Sponsor Rep. Natalie A. Manley |
| 2014-02-05 | House | Added Co-Sponsor Rep. Jack D. Franks |
| 2014-02-05 | House | Added Co-Sponsor Rep. Carol A. Sente |
| 2014-02-03 | House | Referred to Rules Committee |
| 2014-02-03 | House | First Reading |
| 2014-01-30 | House | Filed with the Clerk by Rep. Michael J. Madigan |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
| 35 | 5 | 201.5 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4479&GAID=12&DocTypeID=HB&SessionID=85&GA=98 |
| Text | https://www.ilga.gov/legislation/98/HB/09800HB4479.htm |
