Bill No. SB2047

Summary
Status
Sponsors
Texts
Votes
Amendments
Supplements
History
Summary

Bill ID

1701736

State

IL

Title

INC TX-PASS THROUGH

Description

Amends the Illinois Income Tax Act. Provides that, if the taxpayer is a partnership or Subchapter S corporation, the credit is allowed to pass through to the partners and shareholders in accordance with the determination of income and distributive share of income under Sections 702 and 704 and Subchapter S of the Internal Revenue Code, or as otherwise agreed by the partners or shareholders, provided that such agreement shall be executed in writing prior to the due date of the return for the taxable year and meet such other requirements as the Department of Revenue may establish by rule.

Bill Type

Bill

Category

Change to Program, Tax Credit Vouchers

Session

103rd General Assembly

Special Session

No Data Available

Status

Current Status

Passed

Status Last Updated

2023-07-28

Pending Committee

Calendar

Hearing
2023-03-08
15:30
Room 400
Revenue Committee Hearing
Hearing
2023-04-26
08:00
Room 118
Revenue & Finance Committee Hearing

Sponsors

Sponsors

R
Sen
Win Stoller
SD-037
1
0
R
Rep
Steven Reick
HD-063
2
0

Texts

Texts

2023-02-09
Introduced
text/html
https://legiscan.com/IL/text/SB2047/id/2692363
2023-03-29
Engrossed
text/html
https://legiscan.com/IL/text/SB2047/id/2764299
2023-05-12
Enrolled
text/html
https://legiscan.com/IL/text/SB2047/id/2808055
2023-07-31
Chaptered
text/html
https://legiscan.com/IL/text/SB2047/id/2835653

Votes

Votes

2023-03-29
57
0
0
59
1
S
2023-05-11
110
0
0
112
1
H

Amendments

Amendments

No data available

Supplements

Supplements

No data available

History

Progress

2023-02-09
Introduced
2023-02-09
Refer
2023-02-21
Refer
2023-03-09
Report Pass
2023-03-29
Engrossed
2023-03-30
Refer
2023-04-18
Refer
2023-04-26
Report Pass
2023-05-11
Enrolled
2023-07-28
Chaptered
2023-07-28
Passed

History

2023-02-09
Filed with Secretary by Sen. Win Stoller
S
2023-02-09
First Reading
S
2023-02-09
Referred to Assignments
S
2023-02-21
Assigned to Revenue
S
2023-03-09
Do Pass Revenue; 009-000-000
S
2023-03-09
Placed on Calendar Order of 2nd Reading March 10, 2023
S
2023-03-21
Second Reading
S
2023-03-21
Placed on Calendar Order of 3rd Reading March 22, 2023
S
2023-03-23
Placed on Calendar Order of 3rd Reading ** March 24, 2023
S
2023-03-29
Third Reading - Passed; 057-000-000
S
2023-03-30
Arrived in House
H
2023-03-30
Chief House Sponsor Rep. Steven Reick
H
2023-03-30
First Reading
H
2023-03-30
Referred to Rules Committee
H
2023-04-18
Assigned to Revenue & Finance Committee
H
2023-04-26
Do Pass / Short Debate Revenue & Finance Committee; 019-000-000
H
2023-04-26
Placed on Calendar 2nd Reading - Short Debate
H
2023-05-02
Second Reading - Short Debate
H
2023-05-02
Placed on Calendar Order of 3rd Reading - Short Debate
H
2023-05-11
Third Reading - Short Debate - Passed 110-000-000
H
2023-05-11
Passed Both Houses
S
2023-06-09
Sent to the Governor
S
2023-07-28
Governor Approved
S
2023-07-28
Effective Date January 1, 2024
S
2023-07-28
Public Act . . . . . . . . . 103-0396
S

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