Date	Chamber	Action
4/26/2018	House	Tabled

Statutes Amended In Order of Appearance

New Act

20 ILCS 605/605-332

30 ILCS 105/6z-18

from Ch. 127, par. 142z-18

30 ILCS 105/6z-20

from Ch. 127, par. 142z-20

30 ILCS 105/6z-43

30 ILCS 105/6z-51

30 ILCS 105/6z-102 new

30 ILCS 122/15

35 ILCS 5/201

from Ch. 120, par. 2-201

35 ILCS 5/901

from Ch. 120, par. 9-901

35 ILCS 105/3-6

35 ILCS 105/3-10

35 ILCS 105/3-55

from Ch. 120, par. 439.3-55

35 ILCS 105/3-85

35 ILCS 105/9

from Ch. 120, par. 439.9

35 ILCS 110/3-10

from Ch. 120, par. 439.33-10

35 ILCS 110/3-70

35 ILCS 110/9

from Ch. 120, par. 439.39

35 ILCS 115/3-10

from Ch. 120, par. 439.103-10

35 ILCS 115/9

from Ch. 120, par. 439.109

35 ILCS 120/2-5

35 ILCS 120/2-8

35 ILCS 120/2-10

35 ILCS 120/2d

from Ch. 120, par. 441d

35 ILCS 120/3

from Ch. 120, par. 442

35 ILCS 157/10-15

35 ILCS 157/10-40

35 ILCS 158/15-15

30 ILCS 105/5.878 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2018, the rate of tax for individuals, trusts, and estates shall be: (1) 4% of the portion of the taxpayer's net income from $0 to $7,500; (2) 5.84% of the portion of the taxpayer's net income exceeding $7,500 but not exceeding $15,000; (3) 6.27% of the portion of the taxpayer's net income exceeding $15,000 but not exceeding $225,000; and (4) 7.65% of the portion of the taxpayer's net income exceeding $225,000. Amends the State Finance Act. Creates the Education Property Tax Relief Fund. Provides that moneys in the Fund shall be distributed to school districts, and sets forth the distribution formula. Provides that transfers from the Tobacco Settlement Recovery Fund to the Budget Stabilization Fund shall cease upon the first transfer of moneys into the Budget Stabilization Fund under the provisions of the amendatory Act. Amends the Budget Stabilization Act. Provides for minimum funding levels to be maintained in the Budget Stabilization Fund and for the transfer of specified amounts to the Budget Stabilization Fund if minimum funding levels are not maintained. Makes other changes. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning on January 1, 2018, the rate of tax shall be 5.75% (currently, 6.25%). Amends various Acts to make conforming changes. Amends the Aircraft Use Tax Law and the Watercraft Use Tax Law. Provides that the rate of tax under those Act shall be 5.75% (currently, 6.25%). Effective immediately.

Actions 

Date	Chamber	Action
2/10/2017	House	Filed with the Clerk by Rep. Robert Martwick
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
2/14/2018	House	Assigned to Revenue & Finance Committee
2/14/2018	House	To Growth, Reform & Fairness Subcommittee
4/13/2018	House	Rule 19(a) / Re-referred to Rules Committee
4/23/2018	House	Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Robert Martwick
4/26/2018	House	Motion Prevailed
4/26/2018	House	Tabled

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