2021-2022 Regular Session • Illinois Legislature
HB2871: INCOME TAX-PASS THROUGH
Legislative Summary
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.
Bill History
2/18/2021
Filed with the Clerk by Rep. Natalie A. Manley
House of Representatives
2/19/2021
First Reading
House of Representatives
2/19/2021
Referred to Rules Committee
House of Representatives
3/1/2021
Added Co-Sponsor Rep. Keith R. Wheeler
House of Representatives
3/9/2021
Assigned to Revenue & Finance Committee
House of Representatives
3/16/2021
House Committee Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley
House of Representatives
3/16/2021
House Committee Amendment No. 1 Referred to Rules Committee
House of Representatives
3/18/2021
To Income Tax Subcommittee
House of Representatives
3/27/2021
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
1/25/2022
Assigned to Revenue & Finance Committee
House of Representatives
1/25/2022
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
House of Representatives
1/28/2022
Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Natalie A. Manley
House of Representatives
2/3/2022
To Income Tax Subcommittee
House of Representatives
2/18/2022
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
House of Representatives
2/18/2022
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
5/9/2022
Rule 19(b) / Motion Referred to Rules Committee
House of Representatives
Amendments
House Amendment 001
House Amendment 001
3/16/2021Not Adopted
Status Information
Current Status
Introduced(2/18/2021)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
