2025-2026 Regular Session • Illinois Legislature
HB1396: INC TX-FOREIGN TAX
Legislative Summary
Amends the Illinois Income Tax Act. Provides that provisions concerning a credit for foreign taxes shall be applied without regard to provisions concerning distributions of investment partnership income to nonresident partners. Effective immediately.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
1/15/2025
Filed with the Clerk by Rep. Curtis J. Tarver, II
House of Representatives
1/28/2025
First Reading
House of Representatives
1/28/2025
Referred to Rules Committee
House of Representatives
2/11/2025
Assigned to Revenue & Finance Committee
House of Representatives
2/20/2025
Added Co-Sponsor Rep. Margaret Croke
House of Representatives
3/13/2025
Do Pass / Short Debate Revenue & Finance Committee; 018-000-000
House of Representatives
3/13/2025
Placed on Calendar 2nd Reading - Short Debate
House of Representatives
3/17/2025
Added Co-Sponsor Rep. Daniel Didech
House of Representatives
3/17/2025
Added Co-Sponsor Rep. Joe C. Sosnowski
House of Representatives
3/24/2025
Added Co-Sponsor Rep. Emanuel "Chris" Welch
House of Representatives
3/26/2025
Second Reading - Short Debate
House of Representatives
3/26/2025
Held on Calendar Order of Second Reading - Short Debate
House of Representatives
4/11/2025
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
Status Information
Current Status
Introduced(1/15/2025)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
Sponsors
Democrat: 4
Republican: 1
Primary Sponsor
Curtis Tarver
Democrat