Dwight Kay
- Republican
Primary
Amends the Illinois Income Tax Act. Reduces the corporate income tax rate to (i) 6% for taxable years beginning on or after January 1, 2014 and ending prior to January 1, 2015 and (ii) 4.8% for taxable years beginning on or after January 1, 2015. Requires the Department of Revenue to monitor each month the seasonally-adjusted unemployment rate reported by the United States Department of Labor, Bureau of Labor Statistics, for the previous calendar month. Provides that, if the Department finds that (i) the average unemployment rate for the previous calendar month exceeds the average unemployment rate for any of the 3 calendar months immediately preceding the previous calendar month by more than 0.3% and (ii) the unemployment rate during the previous calendar month was 5.05% or higher, then the Department shall, by rule, decrease the rate of tax imposed on corporations by 0.25% for each 0.3% increase in the unemployment rate. Effective immediately.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Ed Sullivan, Jr.
Added Co-Sponsor Rep. Charles E. Meier
Added Co-Sponsor Rep. Josh Harms
Added Co-Sponsor Rep. JoAnn D. Osmond
Added Co-Sponsor Rep. Tom Demmer
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. C.D. Davidsmeyer
Added Co-Sponsor Rep. Michael Unes
Added Co-Sponsor Rep. Norine Hammond
Added Co-Sponsor Rep. Jil Tracy
Added Co-Sponsor Rep. John M. Cabello
Added Co-Sponsor Rep. Renée Kosel
Added Co-Sponsor Rep. David Harris
Added Co-Sponsor Rep. David R. Leitch
Added Co-Sponsor Rep. Michael P. McAuliffe
Added Co-Sponsor Rep. Raymond Poe
Added Co-Sponsor Rep. Keith P. Sommer
Added Co-Sponsor Rep. Patricia R. Bellock
Added Co-Sponsor Rep. Jeanne M Ives
Added Co-Sponsor Rep. Sandra M. Pihos
Added Co-Sponsor Rep. Jim Durkin
Added Co-Sponsor Rep. Pam Roth
Added Co-Sponsor Rep. David Reis
Added Co-Sponsor Rep. Darlene J. Senger
Added Co-Sponsor Rep. Jim Sacia
Added Co-Sponsor Rep. Rich Brauer
Added Co-Sponsor Rep. Wayne Rosenthal
Added Co-Sponsor Rep. Adam Brown
Added Co-Sponsor Rep. Bill Mitchell
Added Co-Sponsor Rep. John D. Cavaletto
Added Co-Sponsor Rep. Brad E. Halbrook
Added Chief Co-Sponsor Rep. Robert W. Pritchard
Referred to Rules Committee
First Reading
Chief Co-Sponsor Changed to Rep. Tom Cross
Added Chief Co-Sponsor Rep. Tom Cross
Added Chief Co-Sponsor Rep. Chad Hays
Added Chief Co-Sponsor Rep. Michael W. Tryon
Filed with the Clerk by Rep. Dwight Kay
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