<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 319          </title>
<shortdesc>INC TX-CORPORATE INCOME TAX</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David McSweeney</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference>from Ch. 120, par. 2-201</aliasreference><reference>35 ILCS 5/901</reference><aliasreference>from Ch. 120, par. 9-901</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Reduces the income tax rate for corporations to 2.625% for taxable years beginning on or after January 1, 2019. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David McSweeney</action>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/5/2019</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

