Illinois General Assembly - Bill Status for HB2566
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 Bill Status of HB2566  101st General Assembly


House Sponsors
Rep. Anne Stava-Murray

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/201.1 new
35 ILCS 5/901from Ch. 120, par. 9-901

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that in addition to any tax that may be imposed under Section 201, income from passive investments is subject to an annual surcharge of 0.5%, where the total dollar value of passive investments producing the income equals $2,000,000 or more. Provides that all revenue realized from these provisions shall be deposited into the Common School Fund. Defines "passive activity income".

DateChamber Action
  2/13/2019HouseFiled with the Clerk by Rep. Anne Stava-Murray
  2/13/2019HouseFirst Reading
  2/13/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Revenue & Finance Committee
  3/6/2019HouseTo Income Tax Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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