Illinois House Bill 2871 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 18 2021 - 25% progression, died in committee
Action: 2022-05-09 - Rule 19(b) / Motion Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude the portion of the income or loss received from a trade or business conducted within and without Illinois or from a pass-through entity conducting business within and without Illinois that is not derived from or connected with Illinois sources. Repeals provisions concerning a credit for foreign taxes. Effective immediately.

INCOME TAX-PASS THROUGH

Rep. Natalie Manley [D]

Rep. Keith Wheeler [R]

Date	Chamber	Action
2022-05-09	House	Rule 19(b) / Motion Referred to Rules Committee
2022-02-18	House	Rule 19(a) / Re-referred to Rules Committee
2022-02-18	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2022-02-03	House	To Income Tax Subcommittee
2022-01-28	House	Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Natalie A. Manley
2022-01-25	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2022-01-25	House	Assigned to Revenue & Finance Committee
2021-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2021-03-18	House	To Income Tax Subcommittee
2021-03-16	House	House Committee Amendment No. 1 Referred to Rules Committee
2021-03-16	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley
2021-03-09	House	Assigned to Revenue & Finance Committee
2021-03-01	House	Added Co-Sponsor Rep. Keith R. Wheeler
2021-02-19	House	Referred to Rules Committee
2021-02-19	House	First Reading
2021-02-18	House	Filed with the Clerk by Rep. Natalie A. Manley

Chapter	Article	Section	Citation Type	Statute Text
35	5	203	Amended Code	Citation Text
35	5	601	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2871&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB2871.htm
Amendment	https://www.ilga.gov/legislation/102/HB/10200HB2871ham001.htm