House Sponsors: JOHNSON,TOM-SKINNER-LINDNER-TURNER,JOHN-BELLOCK, DURKIN, RIGHTER, JONES,JOHN AND PARKE. Short description: INC TAX-RATE REDUCTION-2 YEARS Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. From January 1, 2000 through December 31, 2001, decreases the individual rate from 3% to 2.75% and decreases the corporate rate from 4.8% to 4.4%. Establishes procedure for the attribution of income in the transition periods. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status