Illinois General Assembly - Bill Status for HB0176

Synopsis As Introduced
Amends the Illinois Income Tax Act. For taxable years beginning on or after January 1, 2015, 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. Provides that, if the State exceeds certain specified spending limitations, the Auditor General shall post a copy of the supplemental spending report on his or her website. Effective immediately.

Actions

Date	Chamber	Action
1/14/2015	House	Filed with the Clerk by Rep. David McSweeney
1/14/2015	House	First Reading
1/14/2015	House	Referred to Rules Committee
2/3/2015	House	Assigned to Revenue & Finance Committee
2/20/2015	House	To Income Tax Subcommittee
3/5/2015	House	Added Co-Sponsor Rep. Natalie A. Manley
3/27/2015	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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