Illinois General Assembly - Bill Status for SB1681

Synopsis As Introduced
Amends the Illinois Income Tax Act. Decreases the rate of tax on individuals and on trusts and estates from 3% to 2.85% in 2009, 2.7% in 2010, and 2.5% in 2011 and thereafter. Decreases the rate of tax on corporations from 4.8% to 4.56% in 2009, 4.32% in 2010, and 4% in 2011 and thereafter. Makes corresponding changes. Effective immediately.

Actions

Date	Chamber	Action
2/19/2009	Senate	Filed with Secretary by Sen. Matt Murphy
2/19/2009	Senate	First Reading
2/19/2009	Senate	Referred to Assignments
3/4/2009	Senate	Assigned to Executive
3/12/2009	Senate	Postponed - Executive
3/13/2009	Senate	Rule 2-10 Committee Deadline Established As April 3, 2009
4/3/2009	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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