INC TX-CORPORATE RATE House SponsorsRep. Jerry F. Costello, II-Fred Crespo-Keith Farnham-Carol A. Sente-Michelle Mussman, Jehan A. Gordon, Jack D. Franks, Sandy Cole and Sidney H. Mathias 1/8/2013HouseSession Sine Die 35 ILCS 5/201from Ch. 120, par. 2-20135 ILCS 5/901from Ch. 120, par. 9-901 Amends the Illinois Income Tax Act. Reduces the rate of tax on corporations to 4.8% for taxable years beginning on or after January 1, 2012. Makes corresponding changes concerning transfers from the General Revenue Fund to the Local Government Distributive Fund. Effective immediately. 12/13/2011HouseFiled with the Clerk by Rep. Jerry F. Costello, II 12/13/2011HouseChief Co-Sponsor Rep. Fred Crespo 12/13/2011HouseChief Co-Sponsor Rep. Keith Farnham 12/13/2011HouseChief Co-Sponsor Rep. Carol A. Sente 12/13/2011HouseChief Co-Sponsor Rep. Michelle Mussman 12/13/2011HouseCo-Sponsor Rep. Jehan A. Gordon 12/13/2011HouseCo-Sponsor Rep. Jack D. Franks 12/15/2011HouseAdded Co-Sponsor Rep. Michael J. Zalewski 12/19/2011HouseRemoved Co-Sponsor Rep. Michael J. Zalewski 1/9/2012HouseAdded Co-Sponsor Rep. Sandy Cole 1/10/2012HouseFirst Reading 1/10/2012HouseReferred to Rules Committee 2/8/2012HouseAdded Co-Sponsor Rep. Sidney H. Mathias 1/8/2013HouseSession Sine Die