IL HB0176 | 2015-2016 | 99th General Assembly
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 14 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 14 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. For taxable years beginning on or after January 1, 2015, reduces the rate of tax to 3% for individuals, trusts, and estates and 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Provides that, if the State exceeds certain specified spending limitations, the Auditor General shall post a copy of the supplemental spending report on his or her website. Effective immediately.
Title
INC TX-RATES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2015-03-05 | House | Added Co-Sponsor Rep. Natalie A. Manley |
| 2015-02-20 | House | To Income Tax Subcommittee |
| 2015-02-03 | House | Assigned to Revenue & Finance Committee |
| 2015-01-14 | House | Referred to Rules Committee |
| 2015-01-14 | House | First Reading |
| 2015-01-14 | House | Filed with the Clerk by Rep. David McSweeney |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 105 | 5.786 | Repealed Code | Citation Text |
| 30 | 105 | 5.787 | Repealed Code | Citation Text |
| 30 | 105 | 6z-85 | Repealed Code | Citation Text |
| 30 | 105 | 6z-86 | Repealed Code | Citation Text |
| 35 | 5 | 201 | Amended Code | Citation Text |
| 35 | 5 | 201.5 | Amended Code | Citation Text |
| 35 | 5 | 901 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=176&GAID=13&DocTypeID=HB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/HB/09900HB0176.htm |
