- Stage
- Became law
- Started in
- Senate
- Sponsors
- 31
- Latest action
- Aug 27, 2021
What it does
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…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Anthony DeLuca
- Win Stoller
- Amy Elik
- Amy Grant
- Ann Williams
- Carol Ammons
- Chris Bos
- Dale Fowler
- Darren Bailey
- Dave Koehler
- Dave Syverson
- Dave Vella
- Don DeWitte
- Jason A. Barickman
- Jil Tracy
- John Connor
- John Curran
- Jonathan Carroll
- Karina Villa
- Laura Murphy
- Margaret Croke
- Mike Murphy
- Mike Simmons-Gessesse
- Neil Anderson
- Rachelle Crowe
- Rob Martwick
- Sally Turner
- Steve McClure
- Sue Rezin
- Terra Costa Howard
- Terri Bryant
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Illinois.