Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

15 ILCS 305/5

from Ch. 124, par. 5

35 ILCS 5/201

from Ch. 120, par. 2-201

35 ILCS 5/901

from Ch. 120, par. 9-901

30 ILCS 105/5.786 rep.

30 ILCS 105/5.787 rep.

30 ILCS 105/6z-85 rep.

30 ILCS 105/6z-86 rep.

35 ILCS 5/201.5 rep.

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax to 3% for individuals, trusts, and estates and 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Removes a limitation providing that no net loss carryover deduction may exceed $100,000 for any taxable year ending on or after December 31, 2012 and prior to December 31, 2014. Effective immediately.

Actions 

Date	Chamber	Action
1/30/2013	House	Filed with the Clerk by Rep. Martin J. Moylan
1/30/2013	House	First Reading
1/30/2013	House	Referred to Rules Committee
2/6/2013	House	Added Chief Co-Sponsor Rep. Stephanie A. Kifowit
2/6/2013	House	Added Chief Co-Sponsor Rep. Sam Yingling
2/6/2013	House	Added Chief Co-Sponsor Rep. Katherine Cloonen
2/6/2013	House	Added Chief Co-Sponsor Rep. Natalie A. Manley
2/6/2013	House	Added Co-Sponsor Rep. Deborah Conroy
2/13/2013	House	Assigned to Appropriations-Elementary & Secondary Education Committee
2/19/2013	House	Re-assigned to Executive Committee
3/1/2013	House	Added Co-Sponsor Rep. Sue Scherer
3/6/2013	House	Added Co-Sponsor Rep. Jerry F. Costello, II
3/7/2013	House	Added Co-Sponsor Rep. Carol A. Sente
3/13/2013	House	Added Co-Sponsor Rep. Patrick J. Verschoore
3/22/2013	House	Added Co-Sponsor Rep. Kathleen Willis
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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