Illinois General Assembly - Bill Status for HB4455
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 Bill Status of HB4455  98th General Assembly


Short Description:  INC TX-REDUCE RATES

House Sponsors
Rep. John M. Cabello

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

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


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, and estates to 3.375% for taxable years beginning on or after January 1, 2015 and 2.925% for taxable years beginning on or after January 1, 2025. Reduces the rate of tax on corporations to 4.725% for taxable years beginning on or after January 1, 2015 and 4.32% for taxable years beginning on or after January 1, 2025. Effective immediately.

Actions 
DateChamber Action
  1/29/2014HouseFiled with the Clerk by Rep. John M. Cabello
  2/3/2014HouseFirst Reading
  2/3/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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