Illinois General Assembly - Bill Status for HB4932
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 Bill Status of HB4932  102nd General Assembly

Short Description:  INC TX-VARIABLE RATE

House Sponsors
Rep. Mark Batinick and Mark L. Walker

Last Action
DateChamber Action
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
20 ILCS 2505/2505-805 new
35 ILCS 5/201
5 ILCS 100/5-45.21 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates shall be determined in accordance with an algorithm set forth in the amendatory Act. Makes conforming changes in the Department of Revenue Law of the Civil Administrative Code of Illinois and the Illinois Administrative Procedure Act. Effective immediately.

DateChamber Action
  1/25/2022HouseFiled with the Clerk by Rep. Mark Batinick
  1/27/2022HouseFirst Reading
  1/27/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Revenue & Finance Committee
  2/15/2022HouseTo Income Tax Subcommittee
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee
  2/25/2022HouseAdded Co-Sponsor Rep. Mark L. Walker

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