Carole Pankau
- Republican
Primary
Amends the Illinois Income Tax Act. Provides that the personal property replacement income tax shall not be imposed for the taxable year in which the taxpayer first begins doing business in Illinois or for the 2 immediately succeeding taxable years. Provides that, for subsequent taxable years, the tax shall be increased by 0.5% per year until such time as the tax is imposed at the rates set forth in the Act. Effective immediately.
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Session Sine Die
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As March 30, 2012
To Revenue Subcommittee on Special Issues
Assigned to Revenue
Filed with Secretary by Sen. Carole Pankau
Referred to Assignments
First Reading
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