INC TX-PASS THROUGH Senate SponsorsSen. Win Stoller House Sponsors(Rep. Steven Reick) 7/28/2023SenatePublic Act . . . . . . . . . 103-0396 35 ILCS 5/20135 ILCS 5/21435 ILCS 5/21635 ILCS 5/21835 ILCS 5/22235 ILCS 5/22435 ILCS 5/22835 ILCS 5/22935 ILCS 5/23135 ILCS 5/23735 ILCS 5/251 newAmends the Illinois Income Tax Act. Provides that, if the taxpayer is a partnership or Subchapter S corporation, the credit is allowed to pass through to the partners and shareholders in accordance with the determination of income and distributive share of income under Sections 702 and 704 and Subchapter S of the Internal Revenue Code, or as otherwise agreed by the partners or shareholders, provided that such agreement shall be executed in writing prior to the due date of the return for the taxable year and meet such other requirements as the Department of Revenue may establish by rule. 2/9/2023SenateFiled with Secretary by Sen. Win Stoller 2/9/2023SenateFirst Reading 2/9/2023SenateReferred to Assignments 2/21/2023SenateAssigned to Revenue 3/9/2023SenateDo Pass Revenue; 009-000-000 3/9/2023SenatePlaced on Calendar Order of 2nd Reading March 10, 2023 3/21/2023SenateSecond Reading 3/21/2023SenatePlaced on Calendar Order of 3rd Reading March 22, 2023 3/23/2023SenatePlaced on Calendar Order of 3rd Reading ** March 24, 2023 3/29/2023SenateThird Reading - Passed; 057-000-000 3/30/2023HouseArrived in House 3/30/2023HouseChief House Sponsor Rep. Steven Reick 3/30/2023HouseFirst Reading 3/30/2023HouseReferred to Rules Committee 4/18/2023HouseAssigned to Revenue & Finance Committee 4/26/2023HouseDo Pass / Short Debate Revenue & Finance Committee; 019-000-000 4/26/2023HousePlaced on Calendar 2nd Reading - Short Debate 5/2/2023HouseSecond Reading - Short Debate 5/2/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/11/2023HouseThird Reading - Short Debate - Passed 110-000-000 5/11/2023SenatePassed Both Houses 6/9/2023SenateSent to the Governor 7/28/2023SenateGovernor Approved 7/28/2023SenateEffective Date January 1, 2024 7/28/2023SenatePublic Act . . . . . . . . . 103-0396