HB 316

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Rates

Abstract

Amends the Illinois Income Tax Act. For taxable years beginning on or after January 1, 2019, 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. Effective immediately.

Bill Sponsors (1)

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Actions


Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Feb 14, 2019

House

To Income Tax Subcommittee

Feb 05, 2019

House

Assigned to Revenue & Finance Committee

Jan 10, 2019

House

Filed with the Clerk by Rep. David McSweeney

House

First Reading

House

Referred to Rules Committee

Bill Text

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