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<xml>
<title>Illinois General Assembly - Bill Status for HB 2871         </title>
<shortdesc>INCOME TAX-PASS THROUGH</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Natalie A. Manley and Keith R. Wheeler</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><reference>35 ILCS 5/601</reference><aliasreference>from Ch. 120, par. 6-601</aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/18/2021</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Natalie A. Manley</action>
<statusdate>2/19/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/19/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/1/2021</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Keith R. Wheeler</action>
<statusdate>3/9/2021</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/16/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Natalie A. Manley</action>
<statusdate>3/16/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/18/2021</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/27/2021</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/25/2022</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>1/25/2022</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>1/28/2022</statusdate><chamber>House</chamber><action>Motion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Natalie A. Manley</action>
<statusdate>2/3/2022</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>2/18/2022</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee</action>
<statusdate>2/18/2022</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>5/9/2022</statusdate><chamber>House</chamber><action>Rule 19(b) / Motion Referred to Rules Committee</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

