IL HB5343 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
INC TX-S CORP-RATE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-08 | House | Session Sine Die |
| 2012-02-21 | House | Added Chief Co-Sponsor Rep. Sidney H. Mathias |
| 2012-02-08 | House | Referred to Rules Committee |
| 2012-02-08 | House | First Reading |
| 2012-02-08 | House | Filed with the Clerk by Rep. Bill Mitchell |
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=5343&GAID=11&DocTypeID=HB&SessionID=84&GA=97 |
| Text | https://www.ilga.gov/legislation/97/HB/09700HB5343.htm |
