<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5478         </title>
<shortdesc>INC TX-RATES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Dave Severin, Michael T. Marron, Patrick Windhorst, Randy E. Frese, Seth Lewis, Jeff Keicher and Daniel Swanson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates is 4.85% (currently, 4.95%). Makes a conforming change concerning the pass-through entity tax. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/28/2022</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Dave Severin</action>
<statusdate>1/31/2022</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/31/2022</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/9/2022</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/15/2022</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>2/16/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael T. Marron</action>
<statusdate>2/18/2022</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>2/24/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Patrick Windhorst</action>
<statusdate>2/24/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Randy E. Frese</action>
<statusdate>2/24/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Seth Lewis</action>
<statusdate>2/24/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jeff Keicher</action>
<statusdate>2/24/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Daniel Swanson</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

