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

Statutes Amended In Order of Appearance

35 ILCS 5/201

from Ch. 120, par. 2-201

Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, and estates to 3.375% for taxable years beginning on or after January 1, 2015 and 2.925% for taxable years beginning on or after January 1, 2025. Reduces the rate of tax on corporations to 4.725% for taxable years beginning on or after January 1, 2015 and 4.32% for taxable years beginning on or after January 1, 2025. Effective immediately.

Actions 

Date	Chamber	Action
1/29/2014	House	Filed with the Clerk by Rep. John M. Cabello
2/3/2014	House	First Reading
2/3/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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