IL SR0551 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on October 24 2023 - 25% progression
Action: 2023-11-07 - Added as Co-Sponsor Sen. Karina Villa
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Urges the United States Congress to take immediate action to clarify and amend the U.S. tax code to prevent the misuse of Puerto Rican tax incentives. Urges any amendments to the tax code to preserve the original intent of promoting economic growth in Puerto Rico while preventing potential misuse and addressing the negative economic impacts on the local population. Encourages collaboration between federal, state, and local governments, as well as with Puerto Rican authorities, to ensure that tax policies are fair, transparent, and effective. Recommends the implementation of educational campaigns to inform the public about the proper use of tax incentives and the potential consequences of misuse in Puerto Rico.

Tracking Information

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Title

AMEND US TAX CODE/PUERTO RICO

Sponsors


History

DateChamberAction
2023-11-07SenateAdded as Co-Sponsor Sen. Karina Villa
2023-10-25SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
2023-10-25SenateAdded as Co-Sponsor Sen. Celina Villanueva
2023-10-25SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
2023-10-25SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
2023-10-25SenateAdded as Co-Sponsor Sen. Mattie Hunter
2023-10-25SenateAdded as Co-Sponsor Sen. Christopher Belt
2023-10-25SenateAdded as Co-Sponsor Sen. Robert F. Martwick
2023-10-25SenateAdded as Co-Sponsor Sen. Robert Peters
2023-10-25SenateAdded as Co-Sponsor Sen. Mike Simmons
2023-10-25SenateAdded as Co-Sponsor Sen. Lakesia Collins
2023-10-25SenateAdded as Chief Co-Sponsor Sen. Bill Cunningham
2023-10-25SenateAdded as Co-Sponsor Sen. Javier L. Cervantes
2023-10-25SenateAdded as Co-Sponsor Sen. Adriane Johnson
2023-10-25SenateAdded as Chief Co-Sponsor Sen. David Koehler
2023-10-25SenateAdded as Chief Co-Sponsor Sen. Natalie Toro
2023-10-25SenateAdded as Co-Sponsor Sen. Doris Turner
2023-10-24SenateReferred to Assignments
2023-10-24SenateFiled with Secretary

Illinois State Sources


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