Date	Chamber	Action
1/13/2015	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

from Ch. 120, par. 2-201

35 ILCS 5/201.5

820 ILCS 105/4

from Ch. 48, par. 1004

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the income tax rate for corporations to 3.5% for taxable years beginning on or after January 1, 2014. Removes a provision reducing the income tax rate on corporations if the State exceeds the specified spending limitation. Amends the Minimum Wage Law. Increases the minimum wage to $12 per hour on October 1, 2014. Effective immediately.

Actions 

Date	Chamber	Action
2/7/2014	Senate	Filed with Secretary by Sen. Michael Noland
2/7/2014	Senate	First Reading
2/7/2014	Senate	Referred to Assignments
2/25/2014	Senate	Assigned to Executive
3/28/2014	Senate	Rule 2-10 Committee Deadline Established As April 11, 2014
4/11/2014	Senate	Rule 3-9(a) / Re-referred to Assignments
1/13/2015	Senate	Session Sine Die

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