Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

from Ch. 120, par. 2-201

35 ILCS 5/201.5

35 ILCS 5/207

from Ch. 120, par. 2-207

35 ILCS 5/901

from Ch. 120, par. 9-901

30 ILCS 105/5.786 rep.

30 ILCS 105/5.787 rep.

30 ILCS 105/6z-85 rep.

30 ILCS 105/6z-86 rep.

Synopsis As Introduced
Amends the Illinois Income Tax Act. 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 proceeds. Removes a limitation providing that no net loss carryover deduction may exceed $100,000 for any taxable year ending on or after December 31, 2012 and prior to December 31, 2014. Provides that, if the State exceeds certain specified spending limitations, the Auditor General shall post a copy of the supplemental spending report on his or her website. Effective immediately.

Actions 

Date	Chamber	Action
1/9/2013	House	Filed with the Clerk by Rep. David McSweeney
1/9/2013	House	First Reading
1/9/2013	House	Referred to Rules Committee
1/10/2013	House	Added Chief Co-Sponsor Rep. Brad E. Halbrook
1/30/2013	House	Assigned to Appropriations-Elementary & Secondary Education Committee
2/19/2013	House	Re-assigned to Executive Committee
3/7/2013	House	Added Chief Co-Sponsor Rep. Jack D. Franks
3/19/2013	House	Motion Filed to Discharge Committee Executive Committee; Rep. Dennis M. Reboletti
3/20/2013	House	Motion Discharge Committee Lost 048-055-000
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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