IL SB1147 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Engrossed on March 30 2023 - 50% progression
Action: 2023-04-28 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Status: Engrossed on March 30 2023 - 50% progression
Action: 2023-04-28 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that, in the case of an entity that elects entity-level tax treatment under the Act, the term "net income" does not include certain distributions to retired partners or shareholders under a retirement or disability plan, to the extent that those distributions are exempt from tax under specified provisions of the Act. Effective immediately.
Title
REVENUE-TECH
Sponsors
| Sen. Win Stoller [R] | Rep. Ryan Spain [R] |
Roll Calls
2023-03-30 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-04-28 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-04-18 | House | Assigned to Revenue & Finance Committee |
| 2023-04-11 | House | Referred to Rules Committee |
| 2023-04-11 | House | First Reading |
| 2023-03-31 | House | Alternate Chief Sponsor Changed to Rep. Ryan Spain |
| 2023-03-31 | House | Chief House Sponsor Rep. Tony M. McCombie |
| 2023-03-31 | House | Arrived in House |
| 2023-03-30 | Senate | Third Reading - Passed; 057-000-000 |
| 2023-03-30 | Senate | Placed on Calendar Order of 3rd Reading |
| 2023-03-30 | Senate | Senate Floor Amendment No. 2 Adopted; Stoller |
| 2023-03-30 | Senate | Senate Floor Amendment No. 1 Adopted; Stoller |
| 2023-03-30 | Senate | Recalled to Second Reading |
| 2023-03-30 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 007-000-000 |
| 2023-03-30 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000 |
| 2023-03-28 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Revenue |
| 2023-03-28 | Senate | Senate Floor Amendment No. 1 Assignments Refers to Revenue |
| 2023-03-21 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 2023-03-21 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Win Stoller |
| 2023-03-20 | Senate | Senate Floor Amendment No. 1 Referred to Assignments |
| 2023-03-20 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Win Stoller |
| 2023-03-17 | Senate | Chief Sponsor Changed to Sen. Win Stoller |
| 2023-03-10 | Senate | Placed on Calendar Order of 3rd Reading March 21, 2023 |
| 2023-03-10 | Senate | Second Reading |
| 2023-03-09 | Senate | Placed on Calendar Order of 2nd Reading March 10, 2023 |
| 2023-03-09 | Senate | Do Pass Executive; 011-000-000 |
| 2023-03-02 | Senate | Assigned to Executive |
| 2023-02-02 | Senate | Referred to Assignments |
| 2023-02-02 | Senate | First Reading |
| 2023-02-02 | Senate | Filed with Secretary by Sen. John F. Curran |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 101 | Amended Code | Citation Text |
