INC TX-NET LOSS-REMOVE CAP
Summary
Amends the Illinois Income Tax Act. Removes a provision limiting the net loss carryover deduction to $100,000 for any taxable year ending on or after December 31, 2012 and prior to December 31, 2014. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2012
Committee Review
Floor Vote
Governor
Introduced Feb 1, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
5
Jan 8, 2013
Senate · Failed
Session Sine Die
Mar 30, 2012
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 9, 2012
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As March 30, 2012
Mar 1, 2012
Senate · Reported by committee
To Revenue Subcommittee on Special Issues
Feb 7, 2012
Senate · Referred to committee
Assigned to Revenue
Feb 1, 2012
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Susan Garrett
DDemocratic
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