Bill Title: 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, 2012. Makes corresponding changes concerning transfers from the General Revenue Fund to the Local Government Distributive Fund. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 7-2)

Status: (Failed) 2013-01-08 - Session Sine Die [HB3917 Detail]

Text: Latest bill text (Introduced) [HTML]

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