HB 2871 Illinois House · 102nd Regular Session

INCOME TAX-PASS THROUGH

Summary

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.

Bill status failed 1 of 4 stages cleared

Introduction

Jan 2022

Committee Review

Floor Vote

Governor

Introduced Jan 28, 2022 Last action Jan 10, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 9, 2022

Committee

Rule 19(b) / Motion Referred to Rules Committee

lower

Feb 18, 2022

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Feb 18, 2022

Committee

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

lower

Feb 3, 2022

Lower · Passed

To Income Tax Subcommittee

lower

Jan 28, 2022

Introduced

Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Natalie A. Manley

lower

Jan 25, 2022

Lower · Passed

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

lower

Jan 25, 2022

Committee

Assigned to Revenue & Finance Committee

lower

Mar 27, 2021

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 18, 2021

Lower · Passed

To Income Tax Subcommittee

lower

Mar 16, 2021

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

Mar 16, 2021

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley

lower

Mar 9, 2021

Committee

Assigned to Revenue & Finance Committee

lower

Feb 19, 2021

Committee

Referred to Rules Committee

lower

1 primary · 1 co-sponsor