Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/201

from Ch. 120, par. 2-201

35 ILCS 5/202.5 new

35 ILCS 5/202.5a new

35 ILCS 5/202.5b new

35 ILCS 5/901

from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Decreases the rate of tax on individuals and on trusts and estates from 3% to 2.85% in 2008, 2.7% in 2009, and 2.5% in 2010 and thereafter. Decreases the rate of tax on corporations from 4.8% to 4.56% in 2008, 4.32% in 2009, and 4% in 2010 and thereafter. Makes corresponding changes. Effective immediately.

Actions 

Date	Chamber	Action
2/14/2008	Senate	Filed with Secretary by Sen. Matt Murphy
2/14/2008	Senate	First Reading
2/14/2008	Senate	Referred to Rules
1/13/2009	Senate	Session Sine Die

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