INC TX-S CORP-RATE House SponsorsRep. Bill Mitchell-Sidney H. Mathias 1/8/2013HouseSession Sine Die 35 ILCS 5/201from Ch. 120, par. 2-201 Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2012, the rate of tax imposed on the portion of the taxpayer's net income that is attributable to a subchapter S corporation is 3%. Effective immediately. 2/8/2012HouseFiled with the Clerk by Rep. Bill Mitchell 2/8/2012HouseFirst Reading 2/8/2012HouseReferred to Rules Committee 2/21/2012HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias 1/8/2013HouseSession Sine Die