IL HB2978 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-03-16 - Added Co-Sponsor Rep. Chris Miller
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-03-16 - Added Co-Sponsor Rep. Chris Miller
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Reduces the rate of tax on corporations from 7% to 5.5%. Effective immediately.
Title
INC TX-REDUCE CORPORATE RATE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-03-16 | House | Added Co-Sponsor Rep. Chris Miller |
| 2023-02-16 | House | Referred to Rules Committee |
| 2023-02-16 | House | First Reading |
| 2023-02-16 | House | Filed with the Clerk by Rep. Adam M. Niemerg |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2978&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB2978.htm |
