Bill Title: Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, and estates to 3.375% for taxable years beginning on or after January 1, 2015 and 2.925% for taxable years beginning on or after January 1, 2025. Reduces the rate of tax on corporations to 4.725% for taxable years beginning on or after January 1, 2015 and 4.32% for taxable years beginning on or after January 1, 2025. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB4455 Detail]

Text: Latest bill text (Introduced) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
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