Bill Status of SB1677 98th General Assembly
Short Description: INCOME TAX-REDUCE RATE
Sen. Matt Murphy
| 1/13/2015||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax to (i) 3% for individuals, trusts, and estates, and (ii) 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Effective immediately.
|Date||Chamber|| Action|| 2/15/2013||Senate||Filed with Secretary by Sen. Matt Murphy|| 2/15/2013||Senate||First Reading|| 2/15/2013||Senate||Referred to Assignments|| 2/27/2013||Senate||Assigned to Appropriations I|| 8/9/2013||Senate||Pursuant to Senate Rule 3-9(b) / Referred to Assignments|| 1/13/2015||Senate||Session Sine Die|