Bill Title: 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.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB0176 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2015-01-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB0176

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB0176 currently on file.

Social Comments on IL HB0176