Illinois Code | Chapter 35 Article 5 Section 203

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ILHB3478IntroAmends the Illinois Income Tax Act. Contains provisions concerning a deduction for income included in the taxpayer's federal adjusted gross income and deemed received under Section 951A (GILTI) or Section 952 (Subpart F) of the Internal Revenue Code.
[Detail][Text][Discuss]
2021-05-07
To House Rules Committee
ILSB2531EngrossReinserts provisions of the introduced bill creating an entity-level tax, but makes certain formatting changes. Provides that the entity-level tax applies for taxable years ending on or after December 31, 2021 and beginning prior to January 1, 2026. ...
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2021-05-06
[Hearing: May 13 @ 8:00 am]
To House Rules Committee
ILSB2457IntroAmends the Illinois Income Tax Act. Contains provisions concerning a deduction for income included in the taxpayer's federal adjusted gross income and deemed received under Section 951A (GILTI) or Section 952 (Subpart F) of the Internal Revenue Code.
[Detail][Text][Discuss]
2021-05-05
To Senate Assignments Committee
ILSB2449IntroAmends the Illinois Income Tax Act. Creates an addition modification in an amount equal to certain gains attributable to Opportunity Funds under certain provisions of the Internal Revenue Code. Effective immediately.
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2021-05-05
To Senate Assignments Committee
ILSB2435EngrossCreates the First 2021 General Revisory Act. Combines multiple versions of Sections amended by more than one Public Act. Renumbers Sections of various Acts to eliminate duplication. Corrects obsolete cross-references and technical errors. Makes styli...
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2021-05-04
[Hearing: May 12 @ 10:00 am]
To House Executive Committee
ILSB1812IntroAmends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to the out-of-pocket costs incurred by a taxpayer during the taxable year for expenses associated with long-term care for the taxpayer or the taxpayer's family mem...
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2021-04-16
To Senate Assignments Committee
ILSB2349IntroAmends the Illinois Income Tax Act. Creates a deduction for certain unreimbursed home office expenses. Effective immediately.
[Detail][Text][Discuss]
2021-04-16
To Senate Assignments Committee
ILSB2162IntroAmends the Illinois Income Tax Act. Creates a deduction in an amount equal to any overtime wages paid to the taxpayer during the taxable year. Effective immediately.
[Detail][Text][Discuss]
2021-04-16
To Senate Assignments Committee
ILSB2358IntroAmends 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 wi...
[Detail][Text][Discuss]
2021-04-16
To Senate Assignments Committee
ILSB0490IntroAmends the Illinois Income Tax Act. Creates an income tax deduction for an amount of up to $50,000 per tax year contributed to a small business asset purchase account and all interest earned on such accounts during the tax year. Provides that a "smal...
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2021-04-16
To Senate Assignments Committee
ILHB0695IntroAmends the Illinois Income Tax Act. Creates a deduction in an amount equal to the amount received by the taxpayer in gratuities during the taxable year. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immedi...
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2021-03-27
To House Rules Committee
ILHB0696IntroAmends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to the out-of-pocket costs incurred by a taxpayer during the taxable year for expenses associated with long-term care for the taxpayer or the taxpayer's family mem...
[Detail][Text][Discuss]
2021-03-27
To House Rules Committee
ILHB2583IntroAmends the Illinois Income Tax Act. Creates an income tax deduction for an amount of up to $50,000 per tax year contributed to a small business asset purchase account and all interest earned on such accounts during the tax year. Provides that a "smal...
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2021-03-27
To House Rules Committee
ILHB2557IntroCreates the Real Economic Support That Acknowledges Unique Restaurant Assistance Needed To Survive (RESTAURANTS) Act. Creates the Illinois Restaurant Revitalization Fund. Provides that the State Treasurer and certain units of local government shall a...
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2021-03-27
To House Rules Committee
ILHB2871IntroAmends 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 wi...
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2021-03-27
To House Rules Committee
ILHB3108IntroAmends the Illinois Income Tax Act. Creates a deduction in an amount equal to the deductions and credits that were disallowed under Section 280E of the Internal Revenue Code for the taxable year. Amends the Civic Center Code, the Flood Prevention Dis...
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2021-03-27
To House Rules Committee
ILHB3208IntroAmends the Illinois Income Tax Act. Provides that, if a contribution to a qualified ABLE account is made on or after January 1 of any calendar year and on or before April 15 of that calendar year, the taxpayer is allowed a deduction for that contribu...
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2021-03-27
To House Rules Committee
ILHB3425IntroAmends the Illinois Income Tax Act. Creates an addition modification in an amount equal to certain gains attributable to Opportunity Funds under certain provisions of the Internal Revenue Code. Effective immediately.
[Detail][Text][Discuss]
2021-03-27
To House Rules Committee
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