HB 2871

  • Illinois House Bill
  • 102nd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Income Tax-Pass Through

Abstract

Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude the portion of the income or loss received from a trade or business conducted within and without Illinois or from a pass-through entity conducting business within and without Illinois that is not derived from or connected with Illinois sources. Repeals provisions concerning a credit for foreign taxes. Effective immediately.

Bill Sponsors (2)

Votes


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Actions


Jan 10, 2023

House

Session Sine Die

May 09, 2022

House

Rule 19(b) / Motion Referred to Rules Committee

Feb 18, 2022

House

Rule 19(a) / Re-referred to Rules Committee

House

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

Feb 03, 2022

House

To Income Tax Subcommittee

Jan 28, 2022

House

Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Natalie A. Manley

Jan 25, 2022

House

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

House

Assigned to Revenue & Finance Committee

Mar 27, 2021

House

Rule 19(a) / Re-referred to Rules Committee

Mar 18, 2021

House

To Income Tax Subcommittee

Mar 16, 2021

House

House Committee Amendment No. 1 Referred to Rules Committee

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley

Mar 09, 2021

House

Assigned to Revenue & Finance Committee

Mar 01, 2021

House

Added Co-Sponsor Rep. Keith R. Wheeler

Feb 19, 2021

House

First Reading

House

Referred to Rules Committee

Feb 18, 2021

House

Filed with the Clerk by Rep. Natalie A. Manley

Bill Text

Bill Text Versions Format
Introduced HTML PDF
House Amendment 001 HTML PDF

Related Documents

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Sources

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