IL HB0383 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. In provisions providing that a unitary business group does not include members whose business activity outside the United States is 80% or more of that member's total business activity, provides that the phrase "United States" means only the 50 states, the District of Columbia, and any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources, but does not include any territory or possession of the United States (currently, for those purposes, "United States" means only the 50 states and the District of Columbia, but does not include any territory or possession of the United States or any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources). Amends the Limited Liability Company Act. Reduces the fees for filing articles of organization, applications for admission, and restated articles of organization to $125 for a series LLC (currently, $750) and $75 for all other LLCs (currently, $500).

Tracking Information

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Title

REVENUE-INC TX-REDUCE LLC FEE

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-03-31HouseRule 19(a) / Re-referred to Rules Committee
2017-03-30HouseAdded Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
2017-03-14HouseAdded Co-Sponsor Rep. Natalie A. Manley
2017-02-24HouseTo Growth, Reform & Fairness Subcommittee
2017-02-23HouseAdded Co-Sponsor Rep. Anthony DeLuca
2017-01-25HouseAssigned to Revenue & Finance Committee
2017-01-12HouseReferred to Rules Committee
2017-01-12HouseFirst Reading
2017-01-12HouseAdded Chief Co-Sponsor Rep. Carol Sente
2017-01-12HouseFiled with the Clerk by Rep. David Harris

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3551501Amended CodeCitation Text
80518050-10Amended CodeCitation Text

Illinois State Sources


Bill Comments

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