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<xml>
<title>Illinois General Assembly - Bill Status for SR 551          </title>
<shortdesc>AMEND US TAX CODE/PUERTO RICO</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Omar Aquino, Doris Turner-Natalie Toro-David Koehler, Adriane Johnson, Javier L. Cervantes-Bill Cunningham, Lakesia Collins, Mike Simmons, Robert Peters, Robert F. Martwick, Christopher Belt, Mattie Hunter-Kimberly A. Lightford, Napoleon Harris, III, Celina Villanueva, Sara Feigenholtz and Karina Villa</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<SynopsisText>     Urges the United States Congress to take immediate action to clarify and amend the U.S. tax code to prevent the misuse of Puerto Rican tax incentives. Urges any amendments to the tax code to preserve the original intent of promoting economic growth in Puerto Rico while preventing potential misuse and addressing the negative economic impacts on the local population. Encourages collaboration between federal, state, and local governments, as well as with Puerto Rican authorities, to ensure that tax policies are fair, transparent, and effective. Recommends the implementation of educational campaigns to inform the public about the proper use of tax incentives and the potential consequences of misuse in Puerto Rico.</SynopsisText></synopsis>
<actions>
<statusdate>10/24/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary</action>
<statusdate>10/24/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Doris Turner</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Natalie Toro</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. David Koehler</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Adriane Johnson</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Javier L. Cervantes</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Bill Cunningham</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Lakesia Collins</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Mike Simmons</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Robert Peters</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Robert F. Martwick</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Christopher Belt</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Mattie Hunter</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Kimberly A. Lightford</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Napoleon Harris, III</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Celina Villanueva</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Sara Feigenholtz</action>
<statusdate>11/7/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Karina Villa</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

