Illinois General Assembly - Bill Status for SB2283
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 Bill Status of SB2283  95th General Assembly


Short Description:  INC TX-RATE DECREASE

Senate Sponsors
Sen. Matt Murphy

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201from 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 5/901from 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 
DateChamber Action
  2/14/2008SenateFiled with Secretary by Sen. Matt Murphy
  2/14/2008SenateFirst Reading
  2/14/2008SenateReferred to Rules
  1/13/2009SenateSession Sine Die

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