Illinois Senate Bill 2239 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Reduces the rate of tax imposed by Public Act 96-1496 to 3% for individuals, trusts, and estates and 4.8% for corporations (the rates in effect immediately prior to the effective date of Public Act 96-1496). Provides that the amendatory Act supersedes Public Act 96-1496 and that the rates shall be deemed to be 3% for individuals, trusts, and estates and 4.8% for corporations for the entire period beginning on the effective date of Public Act 96-1496 through the effective date of the amendatory Act and thereafter. Makes corresponding changes concerning the distribution of tax proceeds. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act to reverse certain changes made by Public Act 96-1496. Effective immediately.

INCOME TAX-REDUCE RATE

Sen. Matt Murphy [R]

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2011-03-18	Senate	Rule 3-9(a) / Re-referred to Assignments
2011-03-17	Senate	Postponed - Executive
2011-03-10	Senate	To Executive Subcommittee on State Government Operations; - 3/16/2011 - Held
2011-03-02	Senate	Assigned to Executive
2011-02-10	Senate	Referred to Assignments
2011-02-10	Senate	First Reading
2011-02-10	Senate	Filed with Secretary by Sen. Matt Murphy

Chapter	Article	Section	Citation Type	Statute Text
15	305	5	Amended Code	Citation Text
30	105	25.2	Repealed Code	Citation Text
30	105	5.787	Repealed Code	Citation Text
30	105	6z-85	Repealed Code	Citation Text
30	105	6z-86	Repealed Code	Citation Text
30	5	3-20	Repealed Code	Citation Text
35	405	2	Amended Code	Citation Text
35	5	201	Amended Code	Citation Text
35	5	202.5	Repealed Code	Citation Text
35	5	207	Amended Code	Citation Text
35	5	804	Amended Code	Citation Text
35	5	901	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2239&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB2239.htm