INC TX-ESTIMATED TAX Senate SponsorsSen. Chapin Rose House Sponsors(Rep. Michael T. Marron) 8/9/2019SenatePublic Act . . . . . . . . . 101-0355 35 ILCS 5/803from Ch. 120, par. 8-803Amends the Illinois Income Tax Act. Provides that taxpayers (other than estates, trusts, partnerships, Subchapter S corporations, and farmers) are required to pay estimated tax if the amount payable can reasonably be expected to be more than $1,000 (currently, $500). Provides that corporations are required to pay estimated tax if the amount payable can reasonably be expected to be more than $400 (which is the same as current law). Effective immediately. 2/15/2019SenateFiled with Secretary by Sen. Chapin Rose 2/15/2019SenateFirst Reading 2/15/2019SenateReferred to Assignments 2/27/2019SenateAssigned to Revenue 3/6/2019SenateDo Pass Revenue; 007-000-000 3/6/2019SenatePlaced on Calendar Order of 2nd Reading 3/13/2019SenateSecond Reading 3/13/2019SenatePlaced on Calendar Order of 3rd Reading March 14, 2019 3/28/2019SenateThird Reading - Passed; 049-000-000 3/28/2019HouseArrived in House 3/28/2019HouseChief House Sponsor Rep. Michael T. Marron 3/28/2019HouseFirst Reading 3/28/2019HouseReferred to Rules Committee 4/9/2019HouseAssigned to Revenue & Finance Committee 5/9/2019HouseDo Pass / Short Debate Revenue & Finance Committee; 015-000-000 5/9/2019HousePlaced on Calendar 2nd Reading - Short Debate 5/21/2019HouseSecond Reading - Short Debate 5/21/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/23/2019HouseThird Reading - Short Debate - Passed 113-000-000 5/23/2019SenatePassed Both Houses 6/21/2019SenateSent to the Governor 8/9/2019SenateGovernor Approved 8/9/2019SenateEffective Date August 9, 2019 8/9/2019SenatePublic Act . . . . . . . . . 101-0355