Illinois General Assembly - Bill Status for HB0316

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Bill Status of HB0316 101.th General Assembly

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Short Description: INC TX-RATES

House Sponsors
Rep. David McSweeney

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

from Ch. 120, par. 2-201

35 ILCS 5/901

from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. For taxable years beginning on or after January 1, 2019, 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. Effective immediately.

Actions

Date	Chamber	Action
1/10/2019	House	Filed with the Clerk by Rep. David McSweeney
1/10/2019	House	First Reading
1/10/2019	House	Referred to Rules Committee
2/5/2019	House	Assigned to Revenue & Finance Committee
2/14/2019	House	To Income Tax Subcommittee
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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