House Sponsors: PARKE-SKINNER-JOHNSON,TOM-ROSKAM. Short description: INC TX-LOWER RATE Synopsis of Bill as introduced: Amends the Illinois Income Tax Act to decrease the individual rate from 3% to 2.75% and to decrease the corporate rate from 4.8% to 4.4% beginning January 1, 1998. Effective January 1, 1998. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status