Bill Title: 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.

Sponsorship: Partisan Bill (Republican 1)

Status: (Failed) 2015-01-13 - Session Sine Die [SB1677 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2013-02-15	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1677

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1677 currently on file.