Illinois General Assembly - Bill Status for HB5343
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 Bill Status of HB5343  97th General Assembly


Short Description:  INC TX-S CORP-RATE

House Sponsors
Rep. Bill Mitchell - Sidney H. Mathias

Last Action
DateChamber Action
  1/8/2013HouseSession 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. Provides that, for taxable years beginning on or after January 1, 2012, the rate of tax imposed on the portion of the taxpayer's net income that is attributable to a subchapter S corporation is 3%. Effective immediately.

Actions 
DateChamber Action
  2/8/2012HouseFiled with the Clerk by Rep. Bill Mitchell
  2/8/2012HouseFirst Reading
  2/8/2012HouseReferred to Rules Committee
  2/21/2012HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  1/8/2013HouseSession Sine Die

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