HB 569 Illinois House · 102nd Regular Session

INC TX-INVESTMENT PARTNERSHIP

Summary

Amends the Illinois Income Tax Act. Makes changes to the definition of investment partnership to provide that a dealer in qualifying investment securities may be considered an investment partnership. Allows a partnership interest to be considered a qualified security if the interest qualifies as a security within the meaning of Section 2(a)(1) of the federal Securities Act of 1933. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

Governor

Introduced Feb 26, 2021 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

Nov 29, 2021

Committee

Rule 19(b) / Motion Referred to Rules Committee

lower

Mar 27, 2021

Committee

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

lower

Mar 11, 2021

Lower · Passed

To Income Tax Subcommittee

lower

Mar 2, 2021

Committee

Assigned to Revenue & Finance Committee

lower

Feb 26, 2021

Introduced

Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Jonathan Carroll

lower

Feb 8, 2021

Committee

Referred to Rules Committee

lower

1 primary · 1 co-sponsor