Illinois General Assembly - Bill Status for SB2239
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 Bill Status of SB2239  97th General Assembly


Short Description:  INCOME TAX-REDUCE RATE

Senate Sponsors
Sen. Matt Murphy

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

Statutes Amended In Order of Appearance
15 ILCS 305/5from Ch. 124, par. 5
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/207from Ch. 120, par. 2-207
35 ILCS 5/804from Ch. 120, par. 8-804
35 ILCS 5/901from Ch. 120, par. 9-901
35 ILCS 405/2from Ch. 120, par. 405A-2
30 ILCS 5/3-20 rep.
30 ILCS 105/5.787 rep.
30 ILCS 105/6z-85 rep.
30 ILCS 105/6z-86 rep.
30 ILCS 105/25.2 rep.
35 ILCS 5/202.5 rep.


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax imposed by Public Act 96-1496 to 3% for individuals, trusts, and estates and 4.8% for corporations (the rates in effect immediately prior to the effective date of Public Act 96-1496). Provides that the amendatory Act supersedes Public Act 96-1496 and that the rates shall be deemed to be 3% for individuals, trusts, and estates and 4.8% for corporations for the entire period beginning on the effective date of Public Act 96-1496 through the effective date of the amendatory Act and thereafter. Makes corresponding changes concerning the distribution of tax proceeds. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act to reverse certain changes made by Public Act 96-1496. Effective immediately.

Actions 
DateChamber Action
  2/10/2011SenateFiled with Secretary by Sen. Matt Murphy
  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 - Held
  3/17/2011SenatePostponed - Executive
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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