IL SB3126 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Reduces the income tax rate for corporations to 3.5% for taxable years beginning on or after January 1, 2014. Removes a provision reducing the income tax rate on corporations if the State exceeds the specified spending limitation. Amends the Minimum Wage Law. Increases the minimum wage to $12 per hour on October 1, 2014. Effective immediately.
Title
INC TX-MINIMUM WAGE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-01-13 | Senate | Session Sine Die |
| 2014-04-11 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2014-03-28 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2014 |
| 2014-02-25 | Senate | Assigned to Executive |
| 2014-02-07 | Senate | Referred to Assignments |
| 2014-02-07 | Senate | First Reading |
| 2014-02-07 | Senate | Filed with Secretary by Sen. Michael Noland |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
| 35 | 5 | 201.5 | Amended Code | Citation Text |
| 820 | 105 | 4 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3126&GAID=12&DocTypeID=SB&SessionID=85&GA=98 |
| Text | https://www.ilga.gov/legislation/98/SB/09800SB3126.htm |
