Illinois General Assembly - Bill Status for HB2888
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 Bill Status of HB2888  102nd General Assembly


Short Description:  INC TX-REDUCE CORPORATE RATE

House Sponsors
Rep. Adam Niemerg and Ryan Spain

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax on corporations from 7% to 5.5%. Effective immediately.

Actions 
DateChamber Action
  2/18/2021HouseFiled with the Clerk by Rep. Adam Niemerg
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to Revenue & Finance Committee
  3/18/2021HouseAdded Co-Sponsor Rep. Ryan Spain
  3/18/2021HouseTo Income Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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