IL SB3460 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
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 1-0)
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 the personal property replacement income tax shall not be imposed for the taxable year in which the taxpayer first begins doing business in Illinois or for the 2 immediately succeeding taxable years. Provides that, for subsequent taxable years, the tax shall be increased by 0.5% per year until such time as the tax is imposed at the rates set forth in the Act. Effective immediately.
Title
PERSONAL PROP TX-NEW BUSINESS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-08 | Senate | Session Sine Die |
| 2012-03-30 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2012-03-09 | Senate | Rule 2-10 Committee Deadline Established As March 30, 2012 |
| 2012-03-01 | Senate | To Revenue Subcommittee on Special Issues |
| 2012-02-17 | Senate | Assigned to Revenue |
| 2012-02-07 | Senate | Referred to Assignments |
| 2012-02-07 | Senate | First Reading |
| 2012-02-07 | Senate | Filed with Secretary by Sen. Carole Pankau |
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=3460&GAID=11&DocTypeID=SB&SessionID=84&GA=97 |
| Text | https://www.ilga.gov/legislation/97/SB/09700SB3460.htm |
