Bill Status of HB3917 9th General Assembly
Short Description: INC TX-CORPORATE RATE
Rep. Jerry F. Costello, II - Fred Crespo - Keith Farnham - Carol A. Sente - Michelle Mussman, Jehan A. Gordon, Jack D. Franks, Sandy Cole and Sidney H. Mathias
| 1/8/2013||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax on corporations to 4.8% for taxable years beginning on or after January 1, 2012. Makes corresponding changes concerning transfers from the General Revenue Fund to the Local Government Distributive Fund. Effective immediately.