IL SB1901 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 9 2023 - 25% progression
Action: 2023-02-09 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act and the Retailers' Occupation Tax Act. Eliminates the bulk sales notice requirement if the only asset sold or transferred is real estate. Effective immediately.

Tracking Information

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Title

REVENUE-BULK SALES NOTICE

Sponsors


History

DateChamberAction
2023-02-09SenateReferred to Assignments
2023-02-09SenateFirst Reading
2023-02-09SenateFiled with Secretary by Sen. Chapin Rose

Code Citations

ChapterArticleSectionCitation TypeStatute Text
351205jAmended CodeCitation Text
355902Amended CodeCitation Text

Illinois State Sources


Bill Comments

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