Illinois General Assembly - Bill Status for SB2358
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 Bill Status of SB2358  102nd General Assembly


Short Description:  INCOME TAX-PASS THROUGH

Senate Sponsors
Sen. John Connor

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/601from Ch. 120, par. 6-601


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. John Connor
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/23/2021SenateAssigned to Revenue
  3/23/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John Connor
  3/23/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/25/2021SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  4/16/2021SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

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