SB 1515

Abstract

Amends the Illinois Income Tax Act. Creates a deduction for amounts included in the taxpayer's adjusted gross income for certain fringe benefits. Effective immediately. Senate Committee Amendment No. 1 Deletes reference to: 35 ILCS 5/203 from Ch. 120, par. 2-203 Adds reference to: 35 ILCS 5/205 from Ch. 120, par. 2-205 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with a technical correction concerning the applicable Section of the Illinois Income Tax Act. Effective immediately. Senate Floor Amendment No. 3 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with a technical correction concerning the applicable Section of the Illinois Income Tax Act. Effective immediately. House Committee Amendment No. 1 Deletes reference to: 35 ILCS 5/205 from Ch. 120, par. 2-205 Adds reference to: 35 ILCS 5/304 from Ch. 120, par. 3-304 35 ILCS 5/601 from Ch. 120, par. 6-601 35 ILCS 5/701 from Ch. 120, par. 7-701 Replaces everything after the enacting clause. Amends the Illinois Income Tax Act. Provides that, for purposes of being liable for income tax, compensation is paid in this State if some of the individual's service is performed within this State, the individual's service performed within this State is nonincidental to the individual's service performed without this State, and the individual's service is performed within this State for more than 30 working days during the tax year. Defines terms. Contains provisions concerning the calculation of compensation paid in this State if the employer maintains a time and attendance system. Effective immediately.