Bill Title: Amends the Illinois Income Tax Act. Reduces the income tax rate for corporations to 2.625% for taxable years beginning on or after January 1, 2017 (currently, the rate is 5.25% for taxable years beginning prior to January 1, 2025 and 4.8% for taxable years beginning on or after January 1, 2025). Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB0460 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2017-01-13	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB0460

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB0460 currently on file.

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