SB 1681

  • Illinois Senate Bill
  • 96th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Inc Tx-Rate Decrease

Abstract

Amends the Illinois Income Tax Act. Decreases the rate of tax on individuals and on trusts and estates from 3% to 2.85% in 2009, 2.7% in 2010, and 2.5% in 2011 and thereafter. Decreases the rate of tax on corporations from 4.8% to 4.56% in 2009, 4.32% in 2010, and 4% in 2011 and thereafter. Makes corresponding changes. Effective immediately.

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Jan 12, 2011

Senate

Session Sine Die

Apr 03, 2009

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 13, 2009

Senate

Rule 2-10 Committee Deadline Established As April 3, 2009

Mar 12, 2009

Senate

Postponed - Executive

Mar 04, 2009

Senate

Assigned to Executive

Feb 19, 2009

Senate

Filed with Secretary by Sen. Matt Murphy

Senate

Referred to Assignments

Senate

First Reading

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