Win Stoller
- Republican
- Senator
- District 37
Amends the Illinois Income Tax Act. Provides that a partnership or Subchapter S corporation may elect to pay a tax computed by multiplying the share of business income apportionable to Illinois and nonbusiness income allocated to Illinois that is distributable to each partner or shareholder and multiplied by the applicable rates of tax for that partner or shareholder. Creates a deduction in an amount equal to those amounts. Effective immediately. Senate Committee Amendment No. 1 Adds reference to: 35 ILCS 5/502 from Ch. 120, par. 5-502 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Provides that the tax imposed under the introduced bill applies for taxable years beginning on or after January 1, 2021. Provides that certain nonresident individuals with no Illinois income tax liability after taking into account the deductions in the amendatory Act are not required to file returns. Makes various technical corrections concerning pass-through entities. Effective immediately. Senate Floor Amendment No. 2 Deletes reference to: 35 ILCS 5/203 from Ch. 120, par. 2-203 35 ILCS 5/502 from Ch. 120, par. 5-502 35 ILCS 5/601 from Ch. 120, par. 6-601 35 ILCS 5/709.5 35 ILCS 5/1501 from Ch. 120, par. 15-1501 Replaces everything after the enacting clause. Reinserts provisions of the introduced bill creating an entity-level tax, but makes certain formatting changes. Provides that the entity-level tax applies for taxable years ending on or after December 31, 2021 and beginning prior to January 1, 2026. Provides that the entity-level tax shall be in an amount equal to 4.95% of the taxpayer's net income for the taxable year. Defines "net income". Provides that a partnership or Subchapter S corporation that elects to pay tax at the entity level is required to pay estimated tax if the amount payable as estimated tax can reasonably be expected to exceed $500. Effective immediately. House Committee Amendment No. 1 Adds reference to: 35 ILCS 5/203 from Ch. 120, par. 2-203 35 ILCS 5/901 Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with changes. Provides that provisions concerning pass-through entities apply only with respect to taxable years for which a specified limitation on individual deductions applies under the Internal Revenue Code. Adds a corresponding addition modification. Makes a conforming change with respect to the Local Government Distributive Fund. Effective immediately.
Public Act . . . . . . . . . 102-0658
Effective Date August 27, 2021
Governor Approved
Sent to the Governor
Added as Co-Sponsor Sen. Steve McClure
House Committee Amendment No. 1 Senate Concurs 059-000-000
Added as Co-Sponsor Sen. Laura M. Murphy
Passed Both Houses
Senate Concurs
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 010-000-000
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 24, 2021
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Win Stoller
Secretary's Desk - Concurrence House Amendment(s) 1
Added Alternate Co-Sponsor Rep. Dave Vella
Added Alternate Co-Sponsor Rep. Chris Bos
Added Alternate Co-Sponsor Rep. Amy Grant
Added Alternate Co-Sponsor Rep. Ann M. Williams
Added Alternate Co-Sponsor Rep. Terra Costa Howard
Added Alternate Co-Sponsor Rep. Carol Ammons
Third Reading - Short Debate - Passed 116-000-000
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Revenue & Finance Committee; 015-001-000
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Anthony DeLuca
Added Alternate Co-Sponsor Rep. Amy Elik
Added Alternate Chief Co-Sponsor Rep. Jonathan Carroll
Added Alternate Chief Co-Sponsor Rep. Margaret Croke
Added Alternate Chief Co-Sponsor Rep. Mike Murphy
Chief House Sponsor Rep. Anthony DeLuca
Arrived in House
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
Added as Co-Sponsor Sen. Rachelle Crowe
Senate Floor Amendment No. 2 Adopted; Stoller
Recalled to Second Reading
Third Reading - Passed; 056-000-000
Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 010-000-000
Added as Co-Sponsor Sen. Mike Simmons
Added as Co-Sponsor Sen. Karina Villa
Added as Co-Sponsor Sen. Sue Rezin
Added as Co-Sponsor Sen. Dave Syverson
Senate Floor Amendment No. 2 Assignments Refers to Revenue
Placed on Calendar Order of 3rd Reading April 21, 2021
Second Reading
Added as Co-Sponsor Sen. Jason A. Barickman
Added as Co-Sponsor Sen. Terri Bryant
Added as Co-Sponsor Sen. Neil Anderson
Added as Co-Sponsor Sen. Darren Bailey
Added as Co-Sponsor Sen. Dale Fowler
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Win Stoller
Do Pass Revenue; 009-000-000
Added as Co-Sponsor Sen. Sally J. Turner
Placed on Calendar Order of 2nd Reading April 20, 2021
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Assignments Refers to Revenue
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Win Stoller
Added as Co-Sponsor Sen. David Koehler
Added as Co-Sponsor Sen. John F. Curran
Added as Chief Co-Sponsor Sen. Robert F. Martwick
Added as Co-Sponsor Sen. Jil Tracy
Assigned to Revenue
Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Chief Co-Sponsor Sen. John Connor
First Reading
Filed with Secretary by Sen. Win Stoller
Referred to Assignments
Bill Text Versions | Format |
---|---|
Introduced | HTML PDF |
Engrossed | HTML PDF |
Enrolled | HTML PDF |
Senate Amendment 001 | HTML PDF |
Senate Amendment 002 | HTML PDF |
House Amendment 001 | HTML PDF |
Document | Format |
---|---|
Public Act |
Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.