INC TX-RATES House SponsorsRep. David McSweeney 1/13/2021HouseSession 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. For taxable years beginning on or after January 1, 2019, reduces the rate of tax to 3% for individuals, trusts, and estates and 4.8% for corporations. Makes corresponding changes concerning the distribution of tax proceeds. Effective immediately. 1/10/2019HouseFiled with the Clerk by Rep. David McSweeney 1/10/2019HouseFirst Reading 1/10/2019HouseReferred to Rules Committee 2/5/2019HouseAssigned to Revenue & Finance Committee 2/14/2019HouseTo Income Tax Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die