Bill Status of HB 3917   97th General Assembly

Short Description:  INC TX-CORPORATE RATE

House Sponsors
Rep. Jerry F. Costello, II-Fred Crespo-Keith Farnham-Carol A. Sente-Michelle Mussman, Jehan A. Gordon, Jack D. Franks, Sandy Cole and Sidney H. Mathias

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from Ch. 120, par. 2-201
35 ILCS 5/901from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax on corporations to 4.8% for taxable years beginning on or after January 1, 2012. Makes corresponding changes concerning transfers from the General Revenue Fund to the Local Government Distributive Fund. Effective immediately.

Actions 
DateChamber Action
  12/13/2011HouseFiled with the Clerk by Rep. Jerry F. Costello, II
  12/13/2011HouseChief Co-Sponsor Rep. Fred Crespo
  12/13/2011HouseChief Co-Sponsor Rep. Keith Farnham
  12/13/2011HouseChief Co-Sponsor Rep. Carol A. Sente
  12/13/2011HouseChief Co-Sponsor Rep. Michelle Mussman
  12/13/2011HouseCo-Sponsor Rep. Jehan A. Gordon
  12/13/2011HouseCo-Sponsor Rep. Jack D. Franks
  12/15/2011HouseAdded Co-Sponsor Rep. Michael J. Zalewski
  12/19/2011HouseRemoved Co-Sponsor Rep. Michael J. Zalewski
  1/9/2012HouseAdded Co-Sponsor Rep. Sandy Cole
  1/10/2012HouseFirst Reading
  1/10/2012HouseReferred to Rules Committee
  2/8/2012HouseAdded Co-Sponsor Rep. Sidney H. Mathias
  1/8/2013HouseSession Sine Die

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