Illinois General Assembly - Bill Status for HB4211

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Bill Status of HB4211 100th General Assembly

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Short Description: INC TX-REDUCE RATES

House Sponsors
Rep. Charles Meier

Last Action

Date	Chamber	Action
1/8/2019	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. Provides that, for taxable years beginning on or after January 1, 2018 and beginning prior to January 1, 2025, the rates of tax shall be (i) 3.75% for individuals, trusts, and estates and (ii) 5.25% for corporations. Provides that, for taxable years beginning on or after January 1, 2025, the rates of tax shall be (i) 3.25% for individuals, trusts, and estates and (ii) 4.8% for corporations. Effective immediately.

Actions

Date	Chamber	Action
1/3/2018	House	Filed with the Clerk by Rep. Charles Meier
1/16/2018	House	First Reading
1/16/2018	House	Referred to Rules Committee
1/8/2019	House	Session Sine Die

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