David McSweeney
- Republican
Primary
Amends the Illinois Income Tax Act. 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. Removes a limitation providing that no net loss carryover deduction may exceed $100,000 for any taxable year ending on or after December 31, 2012 and prior to December 31, 2014. Provides that, if the State exceeds certain specified spending limitations, the Auditor General shall post a copy of the supplemental spending report on his or her website. Effective immediately.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Motion Discharge Committee Lost 048-055-000
Motion Filed to Discharge Committee Executive Committee; Rep. Dennis M. Reboletti
Added Chief Co-Sponsor Rep. Jack D. Franks
Re-assigned to Executive Committee
Assigned to Appropriations-Elementary & Secondary Education Committee
Added Chief Co-Sponsor Rep. Brad E. Halbrook
Filed with the Clerk by Rep. David McSweeney
Referred to Rules Committee
First Reading
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