HB 1558

  • Illinois House Bill
  • 95th Regular Session
  • Introduced in House Apr 20, 2007
  • Passed House Apr 18, 2007
  • Passed Senate May 22, 2007
  • Governor

Inc Tx-Accounting

Abstract

Amends the Illinois Income Tax Act. In a Section authorizing the Director of Revenue to make certain adjustments to base income if it appears to the Director that any agreement, understanding, or arrangement exists between any persons that causes any person's base income allocable to this State to be improperly or inaccurately reflected, provides that the Director may not make these adjustment before the Department of Revenue adopts rules concerning the adjustments. Provides that, unless the principle purpose of the agreement, understanding, or arrangement is for the avoidance of federal or Illinois income tax, any adjustment made by the Director and the rules required to be adopted must be in accordance with certain provisions of the Internal Revenue Code. Deletes a provision authorizing the Director to adjust factors taken into account in allocating income. Effective immediately.

Bill Sponsors (1)

Votes


Actions


Oct 05, 2007

House

Total Veto Stands - No Positive Action Taken

Oct 01, 2007

House

Motion Filed Override Governor Veto Rep. Mark H. Beaubien, Jr.

Sep 19, 2007

House

Placed on Calendar Total Veto October 2, 2007

Aug 16, 2007

House

Governor Vetoed

Jun 20, 2007

House

Sent to the Governor

May 22, 2007

Senate

Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)

House

Passed Both Houses

Senate

Third Reading - Passed; 057-000-000

May 17, 2007

Senate

Senate Floor Amendment No. 1 Referred to Rules

Senate

Senate Floor Amendment No. 1 Rules Refers to Revenue

Senate

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link

May 16, 2007

Senate

Placed on Calendar Order of 3rd Reading May 17, 2007

Senate

Second Reading

May 10, 2007

Senate

Do Pass Revenue; 008-000-000

Senate

Placed on Calendar Order of 2nd Reading May 15, 2007

May 02, 2007

Senate

Assigned to Revenue

Apr 25, 2007

Senate

First Reading

Senate

Referred to Rules

Apr 24, 2007

Senate

Chief Senate Sponsor Sen. Terry Link

Apr 20, 2007

Senate

Placed on Calendar Order of First Reading April 24, 2007

Senate

Arrive in Senate

Apr 18, 2007

House

Third Reading - Short Debate - Passed 116-000-000

Apr 17, 2007

House

Second Reading - Short Debate

House

Placed on Calendar Order of 3rd Reading - Short Debate

Mar 29, 2007

House

House Committee Amendment No. 1 Filed with Clerk by Revenue Committee

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass as Amended / Short Debate Revenue Committee; 011-000-000

House

House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote

Mar 23, 2007

House

Committee Deadline Extended-Rule 9(b) March 31, 2007

Mar 22, 2007

House

Recommends Do Pass Subcommittee/ Revenue Committee; 003-000-000

House

Remains in Revenue Committee

Feb 27, 2007

House

Assigned to Revenue Committee

Feb 22, 2007

House

Filed with the Clerk by Rep. Mark H. Beaubien, Jr.

House

Referred to Rules Committee

House

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Governor's Message
Senate Amendment 001
House Amendment 001

Sources

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