Illinois Senate Bill 2358 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2022-04-30 - Chief Sponsor Changed to Sen. Don Harmon
Pending: Senate Assignments 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

Sen. Don Harmon [D]

Date	Chamber	Action
2022-04-30	Senate	Chief Sponsor Changed to Sen. Don Harmon
2021-04-16	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2021-04-16	Senate	Rule 3-9(a) / Re-referred to Assignments
2021-03-25	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
2021-03-23	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2021-03-23	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. John Connor
2021-03-23	Senate	Assigned to Revenue
2021-02-26	Senate	Referred to Assignments
2021-02-26	Senate	First Reading
2021-02-26	Senate	Filed with Secretary by Sen. John Connor

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=2358&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB2358.htm
Amendment	https://www.ilga.gov/legislation/102/SB/10200SB2358sam001.htm