SB 1677

  • Illinois Senate Bill
  • 98th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Income Tax-Reduce Rate

Abstract

Amends the Illinois Income Tax Act. Reduces the rate of tax to (i) 3% for individuals, trusts, and estates, and (ii) 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Effective immediately.

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Jan 13, 2015

Senate

Session Sine Die

Aug 09, 2013

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Feb 27, 2013

Senate

Assigned to Appropriations I

Feb 15, 2013

Senate

Filed with Secretary by Sen. Matt Murphy

Senate

First Reading

Senate

Referred to Assignments

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