Bill Status of HB0091  98th General Assembly


Short Description:  INC TX-RATES

House Sponsors
Rep. David McSweeney - Brad E. Halbrook - Jack D. Franks

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/201.5
35 ILCS 5/207from Ch. 120, par. 2-207
35 ILCS 5/901from 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 
DateChamber Action
  1/9/2013HouseFiled with the Clerk by Rep. David McSweeney
  1/9/2013HouseFirst Reading
  1/9/2013HouseReferred to Rules Committee
  1/10/2013HouseAdded Chief Co-Sponsor Rep. Brad E. Halbrook
  1/30/2013HouseAssigned to Appropriations-Elementary & Secondary Education Committee
  2/19/2013HouseRe-assigned to Executive Committee
  3/7/2013HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
  3/19/2013HouseMotion Filed to Discharge Committee Executive Committee; Rep. Dennis M. Reboletti
  3/20/2013HouseMotion Discharge Committee Lost 048-055-000
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die