Illinois Code | Chapter 35Article 5Section 901

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ILHB3249EnrollCreates the First 2019 General Revisory Act. Combines multiple versions of Sections amended by more than one Public Act. Renumbers Sections of various Acts to eliminate duplication. Corrects obsolete cross-references and technical errors. Makes styli...
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2019-06-14
Sent to the Governor
ILHB0158IntroAmends the Illinois Income Tax Act. Provides that, from February 1, 2020 through January 31, 2021, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 8.5% of the net revenue realized from the ...
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2019-04-12
To House Rules Committee
ILHB0316IntroAmends the Illinois Income Tax Act. For taxable years beginning on or after January 1, 2019, reduces the rate of tax to 3% for individuals, trusts, and estates and 4.8% for corporations. Makes corresponding changes concerning the distribution of tax ...
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2019-03-29
To House Rules Committee
ILHB0321IntroRepeals the State Tax Lien Registration Act and the Revised Uniform Unclaimed Property Act. Reenacts the Uniform Disposition of Unclaimed Property Act. Changes various Acts by restoring language deleted by Public Act 100-22 and deleting language adde...
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2019-03-29
To House Rules Committee
ILHB0319IntroAmends 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.
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2019-03-29
To House Rules Committee
ILHB0875IntroAmends the State Finance Act. Creates the Financially Distressed Cities Fund. Amends the State Revenue Sharing Act and the Illinois Income Tax Act. Provides that the Treasurer shall monthly transfer to the Financially Distressed Cities Fund an amount...
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2019-03-29
To House Rules Committee
ILHB2566IntroAmends the Illinois Income Tax Act. Provides that in addition to any tax that may be imposed under Section 201, income from passive investments is subject to an annual surcharge of 0.5%, where the total dollar value of passive investments producing t...
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2019-03-29
To House Rules Committee
ILHB3075IntroAmends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2019 and beginning prior to January 1, 2025, the rates of tax shall be (i) 3.75% for individuals, trusts, and estates and (ii) 5.25% for corporation...
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2019-03-29
To House Rules Committee
ILSB1341IntroAmends the Illinois Income Tax Act. Provides that, beginning on July 1, 2019, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be equal to 1/10 of the net revenue realized from the income tax impose...
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2019-03-28
To Senate Assignments Committee
ILSB0170IntroAmends the State Finance Act. Creates the Financially Distressed Cities Fund. Amends the State Revenue Sharing Act and the Illinois Income Tax Act. Provides that the Treasurer shall monthly transfer to the Financially Distressed Cities Fund an amount...
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2019-03-28
To Senate Assignments Committee
ILSB1550IntroAmends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (cu...
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2019-03-22
To Senate Assignments Committee
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