IL HB0569 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 3 2021 - 25% progression, died in committee
Action: 2021-11-29 - Rule 19(b) / Motion Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 3 2021 - 25% progression, died in committee
Action: 2021-11-29 - Rule 19(b) / Motion Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Makes changes to the definition of investment partnership to provide that a dealer in qualifying investment securities may be considered an investment partnership. Allows a partnership interest to be considered a qualified security if the interest qualifies as a security within the meaning of Section 2(a)(1) of the federal Securities Act of 1933. Effective immediately.
Title
INC TX-INVESTMENT PARTNERSHIP
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-11-29 | House | Rule 19(b) / Motion Referred to Rules Committee |
| 2021-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2021-03-11 | House | To Income Tax Subcommittee |
| 2021-03-05 | House | Added Co-Sponsor Rep. Margaret Croke |
| 2021-03-02 | House | Assigned to Revenue & Finance Committee |
| 2021-02-26 | House | Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Jonathan Carroll |
| 2021-02-08 | House | Referred to Rules Committee |
| 2021-02-08 | House | First Reading |
| 2021-02-03 | House | Filed with the Clerk by Rep. Jonathan Carroll |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 1501 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=569&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB0569.htm |
