Bill Status of HB2978  103rd General Assembly

Short Description:  INC TX-REDUCE CORPORATE RATE

House Sponsors
Rep. Adam M. Niemerg and Chris Miller

Last Action
DateChamber Action
  2/16/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/201


Synopsis As Introduced
Amends the Illinois Income Tax Act. Reduces the rate of tax on corporations from 7% to 5.5%. Effective immediately.

Actions 
DateChamber Action
  2/16/2023HouseFiled with the Clerk by Rep. Adam M. Niemerg
  2/16/2023HouseFirst Reading
  2/16/2023HouseReferred to Rules Committee
  3/16/2023HouseAdded Co-Sponsor Rep. Chris Miller