90th General Assembly
Status of HB1455
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MOORE,EUGENE-MOORE,ANDREA-BLACK-MURPHY-HOWARD.

   35 ILCS 5/203             from Ch. 120, par. 2-203                          

        Amends the Illinois Income Tax Act.  Provides that, for  purposes      
   of  determining  the  base  income  of  a corporation, the amount of a      
   taxpayer's adjustment under Section 832(b)(5)(B)(i)  of  the  Internal      
   Revenue  Code  shall  not be treated as an amount of interest excluded      
   from gross income in the computation of taxable income.   Exempt  from      
   the sunset provisions of Section 250.  Effective January 1, 1998.           
          STATE MANDATES FISCAL NOTE                                           
          In the opinion of DCCA, HB1455 fails to create a State mandate       
          under the State Mandates Act.                                        
          FISCAL NOTE (Dept. of Revenue)                                       
          The Dept. of Revenue cannot estimate the fiscal impact.              
   97-03-06  H  FIRST READING                                                  
   97-03-06  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-03-11  H       ASSIGNED TO COMMITTEE               REVENUE               
   97-03-21  H  DO PASS/SHORT DEBATE                     011-000-000   HREV    
   97-03-21  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   97-03-21  H                     FISCAL NOTE REQUESTED MOORE,ANDREA          
   97-03-21  H  STATE MANDATES FISCAL NOTE REQUESTED     MOORE,ANDREA          
   97-03-21  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   97-04-07  H  STATE MANDATES FISCAL NOTE FILED                               
   97-04-07  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   97-04-08  H                         FISCAL NOTE FILED                       
   97-04-08  H  CALENDAR ORDER 2ND READING-SHORT DEBATE                        
   97-04-17  H  SECOND READING-SHORT DEBATE                                    
   97-04-17  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   97-04-23  H  ADDED AS A JOINT SPONSOR                 MOORE,ANDREA          
   97-04-23  H  ADDED AS A CO-SPONSOR                    BLACK                 
   97-04-23  H  ADDED AS A CO-SPONSOR                    MURPHY                
   97-04-23  H  ADDED AS A CO-SPONSOR                    HOWARD                
   97-04-25  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary