<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4932         </title>
<shortdesc>INC TX-VARIABLE RATE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Mark Batinick and Mark L. Walker</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 2505/2505-805 new</reference><aliasreference></aliasreference><reference>35 ILCS 5/201</reference><aliasreference></aliasreference><reference>5 ILCS 100/5-45.21 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates shall be determined in accordance with an algorithm set forth in the amendatory Act. Makes conforming changes in the Department of Revenue Law of the Civil Administrative Code of Illinois and the Illinois Administrative Procedure Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/25/2022</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Mark Batinick</action>
<statusdate>1/27/2022</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/27/2022</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>2/18/2022</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>2/25/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mark L. Walker</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

