INC TX-BILL PAYMENT
Summary
Amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to the deduction for qualified domestic production activities allowed under Section 199 of the Internal Revenue Code for the taxable year. Makes changes concerning the definition of "unitary business group". Provides that moneys attributable to those changes shall be deposited into the Bill Payment Trust Fund. Amends the State Finance Act to create the Bill Payment Trust Fund. Provides that moneys in the Bill Payment Trust Fund shall be used to make payments to certain bona fide creditors of the State. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2014
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
11
Key actions
0
Committee
4
Jan 13, 2015
Senate · Failed
Session Sine Die
Apr 11, 2014
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 28, 2014
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 11, 2014
Feb 25, 2014
Senate · Referred to committee
Assigned to Revenue
Feb 14, 2014
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Toi W. Hutchinson
DDemocratic
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