Date	Chamber	Action
7/28/2023	Senate	Public Act . . . . . . . . . 103-0396

Statutes Amended In Order of Appearance

35 ILCS 5/201

35 ILCS 5/214

35 ILCS 5/216

35 ILCS 5/218

35 ILCS 5/222

35 ILCS 5/224

35 ILCS 5/228

35 ILCS 5/229

35 ILCS 5/231

35 ILCS 5/237

35 ILCS 5/251 new

Synopsis As Introduced
Amends 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.

Actions 

Date	Chamber	Action
2/9/2023	Senate	Filed with Secretary by Sen. Win Stoller
2/9/2023	Senate	First Reading
2/9/2023	Senate	Referred to Assignments
2/21/2023	Senate	Assigned to Revenue
3/9/2023	Senate	Do Pass Revenue; 009-000-000
3/9/2023	Senate	Placed on Calendar Order of 2nd Reading March 10, 2023
3/21/2023	Senate	Second Reading
3/21/2023	Senate	Placed on Calendar Order of 3rd Reading March 22, 2023
3/23/2023	Senate	Placed on Calendar Order of 3rd Reading ** March 24, 2023
3/29/2023	Senate	Third Reading - Passed; 057-000-000
3/30/2023	House	Arrived in House
3/30/2023	House	Chief House Sponsor Rep. Steven Reick
3/30/2023	House	First Reading
3/30/2023	House	Referred to Rules Committee
4/18/2023	House	Assigned to Revenue & Finance Committee
4/26/2023	House	Do Pass / Short Debate Revenue & Finance Committee; 019-000-000
4/26/2023	House	Placed on Calendar 2nd Reading - Short Debate
5/2/2023	House	Second Reading - Short Debate
5/2/2023	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/11/2023	House	Third Reading - Short Debate - Passed 110-000-000
5/11/2023	Senate	Passed Both Houses
6/9/2023	Senate	Sent to the Governor
7/28/2023	Senate	Governor Approved
7/28/2023	Senate	Effective Date January 1, 2024
7/28/2023	Senate	Public Act . . . . . . . . . 103-0396

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