Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

from Ch. 120, par. 2-201

35 ILCS 5/901

from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2019, the rate of tax shall be 4.8% for corporations (currently, the rate is 5.25%, but it is scheduled to be reduced to 4.8% on January 1, 2025). Makes conforming changes concerning distributions to the Local Government Distributive Fund. Effective immediately.

Actions 

Date	Chamber	Action
2/10/2017	House	Filed with the Clerk by Rep. Thomas M. Bennett
2/10/2017	House	First Reading
2/10/2017	House	Referred to Rules Committee
2/22/2017	House	Assigned to Revenue & Finance Committee
3/9/2017	House	To Growth, Reform & Fairness Subcommittee
3/31/2017	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

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