Illinois General Assembly - Bill Status for HB2871
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 Bill Status of HB2871  102nd General Assembly


Short Description:  INCOME TAX-PASS THROUGH

House Sponsors
Rep. Natalie A. Manley and Keith R. Wheeler

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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
  2/18/2021HouseFiled with the Clerk by Rep. Natalie A. Manley
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/1/2021HouseAdded Co-Sponsor Rep. Keith R. Wheeler
  3/9/2021HouseAssigned to Revenue & Finance Committee
  3/16/2021HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley
  3/16/2021HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/18/2021HouseTo Income Tax Subcommittee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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