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 Bill Status of HB4202  100th General Assembly


Short Description:  INC TX-RATES

House Sponsors
Rep. Thomas M. Bennett

Last Action
DateChamber Action
  1/16/2018HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/901from Ch. 120, par. 9-901


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2019, the rate of tax shall be 5% for corporations (currently, 7%). Makes conforming changes concerning distributions to the Local Government Distributive Fund. Effective immediately.

Actions 
DateChamber Action
  12/20/2017HouseFiled with the Clerk by Rep. Thomas M. Bennett
  1/16/2018HouseFirst Reading
  1/16/2018HouseReferred to Rules Committee

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