Illinois General Assembly

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 Bill Status of SB2159  97th General Assembly


Short Description:  INC TX-REDUCE RATES

Senate Sponsors
Sen. William E. Brady

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/804from Ch. 120, par. 8-804
35 ILCS 5/901from Ch. 120, par. 9-901


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rates established under Public Act 96-1496 to (i) 3% for individuals, trusts, and estates and (ii) 4.8% for corporations. Makes corresponding changes in Sections concerning estimated taxes and distribution of proceeds into special funds. Effective immediately.

Actions 
DateChamber Action
  2/10/2011SenateFiled with Secretary by Sen. William E. Brady
  2/10/2011SenateFirst Reading
  2/10/2011SenateReferred to Assignments
  3/2/2011SenateAssigned to Executive
  3/10/2011SenateTo Executive Subcommittee on State Government Operations; - 3/16/2011 - Postponed
  3/17/2011SenatePostponed - Executive
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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