IL HB2702 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 4 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 4 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Removes provisions providing that the pass-through entity level election applies only for tax years beginning prior to January 1, 2026. Effective immediately.
Title
INC TX-PASS-THROUGH ENTITIES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-21 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2025-03-06 | House | To Tax Policy: Income Tax Subcommittee |
| 2025-03-04 | House | Assigned to Revenue & Finance Committee |
| 2025-02-06 | House | Referred to Rules Committee |
| 2025-02-06 | House | First Reading |
| 2025-02-04 | House | Filed with the Clerk by Rep. Curtis J. Tarver, II |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 201 | Amended Code | Citation Text |
