Bill Sponsors: IL HB4004 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Income Tax Act. Provides for water's edge combined reporting. Creates an addition modification in an amount equal to the deduction for qualified production activities allowed under Section 199 of the Internal Revenue Code. In the definition of "unitary business group", provides that the term "United States" means the 50 states, the District of Columbia, and any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources, but does not include any territory or possession of the United States (currently, that definition does not include any territory or possession of the United States or any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources). In that definition, further provides that the unitary business group may include members that are ordinarily required to apportion business income under different subsections of the Act. Provides that provisions related to the apportionment of income for federally regulated exchanges expire on December 31, 2017. Amends the Hotel Operators' Occupation Tax Act. Provides that the Act also applies to online travel companies. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Cigarette Tax Act, the Cigarette Use Tax Act, the Hotel Operators' Occupation Tax Act, the Motor Fuel Tax Law, the Telecommunications Excise Tax Act, and the Liquor Control Act of 1934 to provide for reductions in the vendor discount. Effective immediately.

Spectrum: Partisan Bill (Democrat 26-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB4004 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Will Guzzardi [D]PrimarySponsored BillsHD-039FollowTheMoneyBallotpediaVoteSmart
Representative William Davis [D]CosponsorSponsored BillsHD-030FollowTheMoneyBallotpediaVoteSmart
Representative Elizabeth Hernandez [D]CosponsorSponsored BillsHD-002FollowTheMoneyBallotpediaVoteSmart
Representative LaShawn Ford [D]CosponsorSponsored BillsHD-008FollowTheMoneyBallotpediaVoteSmart
Senator Robert Martwick [D]CosponsorSponsored BillsSD-010FollowTheMoneyBallotpediaVoteSmart
Representative Robyn Gabel [D]CosponsorSponsored BillsHD-018FollowTheMoneyBallotpediaVoteSmart
Representative Silvana Tabares [D]CosponsorSponsored BillsHD-021FollowTheMoneyBallotpediaVoteSmart
Representative Jaime Andrade [D]CosponsorSponsored BillsHD-040FollowTheMoneyBallotpediaVoteSmart
Representative Cynthia Soto [D]CosponsorSponsored BillsHD-004FollowTheMoneyBallotpediaVoteSmart
Representative Gregory Harris [D]CosponsorSponsored BillsHD-013FollowTheMoneyBallotpediaVoteSmart
Representative Daniel Burke [D]CosponsorSponsored BillsHD-001FollowTheMoneyBallotpediaVoteSmart
Representative Kelly Cassidy [D]CosponsorSponsored BillsHD-014FollowTheMoneyBallotpediaVoteSmart
Senator Sara Feigenholtz [D]CosponsorSponsored BillsSD-006FollowTheMoneyBallotpediaVoteSmart
Representative Ann Williams [D]CosponsorSponsored BillsHD-011FollowTheMoneyBallotpediaVoteSmart
Representative Luis Arroyo [D]CosponsorSponsored BillsHD-003FollowTheMoneyBallotpediaVoteSmart
Representative Sonya Harper [D]CosponsorSponsored BillsHD-006FollowTheMoneyBallotpediaVoteSmart
Representative Emanuel Welch [D]CosponsorSponsored BillsHD-007FollowTheMoneyBallotpediaVoteSmart
Representative Barbara Currie [D]CosponsorSponsored BillsHD-025FollowTheMoneyBallotpediaVoteSmart
Representative Mary Flowers [D]CosponsorSponsored BillsHD-031FollowTheMoneyBallotpediaVoteSmart
Representative Melissa Conyears-Ervin [D]CosponsorSponsored BillsHD-010FollowTheMoneyBallotpediaVoteSmart
Representative Camille Lilly [D]CosponsorSponsored BillsHD-078FollowTheMoneyBallotpediaVoteSmart
Representative Theresa Mah [D]CosponsorSponsored BillsHD-024FollowTheMoneyBallotpediaVoteSmart
Representative Litesa Wallace [D]CosponsorSponsored BillsHD-067FollowTheMoneyBallotpediaVoteSmart
Representative Linda LaVia [D]CosponsorSponsored BillsHD-083FollowTheMoneyBallotpediaVoteSmart
Senator Laura Fine [D]CosponsorSponsored BillsSD-009FollowTheMoneyBallotpediaVoteSmart
Representative Christian Mitchell [D]CosponsorSponsored BillsHD-026FollowTheMoneyBallotpediaVoteSmart

Social Comments on IL HB4004

feedback