HB 175

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Income Tax-Reduce Rate

Abstract

Amends the Illinois Income Tax Act if and only if Senate Bill 2505 of the 96th General Assembly becomes law. Reduces the rate of tax imposed by Senate Bill 2505 of the 96th General Assembly to 3% for individuals, trusts, and estates and 4.8% for corporations (the rates in effect immediately prior to the passage of Senate Bill 2505). Provides that the amendatory Act supersedes Senate Bill 2505 of the 96th General Assembly and that the rates shall be deemed to be 3% for individuals, trusts, and estates and 4.8% for corporations for the entire period beginning on the effective date of Senate Bill 2505 of the 96th General Assembly through the effective date of the amendatory Act and thereafter. Makes corresponding changes concerning the distribution of tax proceeds. Amends the Illinois Estate and Generation-Skipping Transfer Tax Act to reverse certain changes made by Senate Bill 2505 of the 96th General Assembly. Effective immediately.

Bill Sponsors (1)

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Jan 08, 2013

House

Session Sine Die

Apr 25, 2012

House

Added Co-Sponsor Rep. Chad Hays

Apr 24, 2012

House

Chair Rules Motion Out of Order

House

Appeal Ruling of Chair Rep. Dennis M. Reboletti

House

Chair Rules Motion Out of Order

House

Appeal Ruling of Chair Rep. Dennis M. Reboletti

House

Chair Rules Motion unecessary due to denial of unanimous consent

House

Objects to Motion Rep. Barbara Flynn Currie

House

Motion Filed to Suspend Rule 25 Rules Committee; Rep. Dennis M. Reboletti

House

Motion Lost

Nov 10, 2011

House

Added Co-Sponsor Rep. Paul Evans

Oct 07, 2011

House

Added Co-Sponsor Rep. Kent Gaffney

Mar 17, 2011

House

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

Feb 28, 2011

House

Added Co-Sponsor Rep. Michael Unes

Feb 14, 2011

House

Added Co-Sponsor Rep. Chris Nybo

Feb 08, 2011

House

Added Co-Sponsor Rep. Jim Sacia

House

Assigned to Revenue & Finance Committee

House

Added Co-Sponsor Rep. Jack D. Franks

Feb 07, 2011

House

Added Co-Sponsor Rep. Thomas Morrison

Jan 27, 2011

House

Added Co-Sponsor Rep. Jason Barickman

Jan 24, 2011

House

Added Co-Sponsor Rep. Pam Roth

Jan 21, 2011

House

Remove Chief Co-Sponsor Rep. Ron Stephens

House

Added Co-Sponsor Rep. Michael W. Tryon

House

Added Chief Co-Sponsor Rep. Tom Cross

House

Added Co-Sponsor Rep. Ron Stephens

House

Added Co-Sponsor Rep. Rosemary Mulligan

Jan 20, 2011

House

Added Co-Sponsor Rep. Franco Coladipietro

House

Added Co-Sponsor Rep. John D. Cavaletto

Jan 19, 2011

House

Added Co-Sponsor Rep. Adam Brown

House

Added Co-Sponsor Rep. Chapin Rose

House

Added Co-Sponsor Rep. Dan Brady

Jan 18, 2011

House

Added Co-Sponsor Rep. Bill Mitchell

House

Added Co-Sponsor Rep. JoAnn D. Osmond

House

Added Co-Sponsor Rep. Randy Ramey, Jr.

House

Added Co-Sponsor Rep. Patricia R. Bellock

House

Referred to Rules Committee

House

Added Co-Sponsor Rep. Richard Morthland

House

First Reading

House

Added Co-Sponsor Rep. Jil Tracy

House

Added Co-Sponsor Rep. Dennis M. Reboletti

Jan 14, 2011

House

Added Co-Sponsor Rep. Sandy Cole

House

Added Co-Sponsor Rep. Keith P. Sommer

House

Added Co-Sponsor Rep. Kay Hatcher

House

Added Co-Sponsor Rep. Norine Hammond

House

Added Co-Sponsor Rep. Jim Watson

House

Added Co-Sponsor Rep. Wayne Rosenthal

House

Added Co-Sponsor Rep. Darlene J. Senger

House

Added Co-Sponsor Rep. Ed Sullivan, Jr.

House

Added Chief Co-Sponsor Rep. Mike Bost

House

Added Co-Sponsor Rep. Joe Sosnowski

House

Added Co-Sponsor Rep. David R. Leitch

House

Added Co-Sponsor Rep. Sidney H. Mathias

Jan 13, 2011

House

Filed with the Clerk by Rep. Michael G. Connelly

House

Chief Co-Sponsor Rep. Ron Stephens

House

Chief Co-Sponsor Rep. Dwight Kay

House

Chief Co-Sponsor Rep. David Reis

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