Bill Status of SB2148  99th General Assembly

Short Description:  REVENUE-BUSINESS

Senate Sponsors
Sen. Toi W. Hutchinson - Ira I. Silverstein - Iris Y. Martinez - Jacqueline Y. Collins - Don Harmon, Dan Kotowski, Heather A. Steans, Mattie Hunter, Antonio Muņoz, Kimberly A. Lightford, Terry Link, Kwame Raoul, David Koehler, William Delgado, James F. Clayborne, Jr., Martin A. Sandoval, Michael Noland, Patricia Van Pelt, Thomas Cullerton, Melinda Bush, Laura M. Murphy and Emil Jones, III

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/804from Ch. 120, par. 8-804
35 ILCS 5/1501from Ch. 120, par. 15-1501


Synopsis As Introduced
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 no penalty shall apply with respect to an underpayment of estimated tax for the first, second, or third quarter of any taxable year ending on or after December 31, 2015 and ending prior to December 31, 2016 if (i) the underpayment was due to the changes made by the amendatory Act, (ii) the payment was otherwise timely made, and (iii) the balance due is included with the taxpayer's estimated tax payment for the fourth quarter. Effective immediately.

Actions 
DateChamber Action
  5/31/2015SenateFiled with Secretary by Sen. Toi W. Hutchinson
  5/31/2015SenateFirst Reading
  5/31/2015SenateReferred to Assignments
  6/4/2015SenateAdded as Co-Sponsor Sen. Dan Kotowski
  6/23/2015SenateAdded as Co-Sponsor Sen. Heather A. Steans
  6/23/2015SenateAdded as Co-Sponsor Sen. Mattie Hunter
  6/23/2015SenateAdded as Co-Sponsor Sen. Antonio Muņoz
  6/23/2015SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  6/23/2015SenateAdded as Co-Sponsor Sen. Terry Link
  6/23/2015SenateAdded as Chief Co-Sponsor Sen. Ira I. Silverstein
  6/23/2015SenateAdded as Co-Sponsor Sen. Kwame Raoul
  6/23/2015SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  6/23/2015SenateAdded as Co-Sponsor Sen. David Koehler
  6/23/2015SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  6/23/2015SenateAdded as Co-Sponsor Sen. William Delgado
  6/23/2015SenateAdded as Chief Co-Sponsor Sen. Don Harmon
  6/23/2015SenateAdded as Co-Sponsor Sen. James F. Clayborne, Jr.
  6/23/2015SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  6/23/2015SenateAdded as Co-Sponsor Sen. Michael Noland
  6/24/2015SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  1/27/2016SenateAssigned to Revenue
  2/18/2016SenatePostponed - Revenue
  3/8/2016SenateAdded as Co-Sponsor Sen. Thomas Cullerton
  3/10/2016SenatePostponed - Revenue
  3/16/2016SenatePostponed - Revenue
  3/17/2016SenateAdded as Co-Sponsor Sen. Melinda Bush
  4/4/2016SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  4/6/2016SenateRe-referred to Executive
  4/6/2016SenateAdded as Co-Sponsor Sen. Emil Jones, III
  4/8/2016SenateRule 2-10 Committee Deadline Established As April 22, 2016
  4/13/2016SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Toi W. Hutchinson
  4/13/2016SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/13/2016SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
  4/14/2016SenatePostponed - Executive
  4/14/2016SenateSenate Committee Amendment No. 1 Postponed - Executive
  4/20/2016SenatePostponed - Executive
  4/20/2016SenateSenate Committee Amendment No. 1 Postponed - Executive
  4/22/2016SenateRule 3-9(a) / Re-referred to Assignments
  4/22/2016SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  1/10/2017SenateSession Sine Die