Date	Chamber	Action
10/5/2007	House	Total Veto Stands - No Positive Action Taken

Statutes Amended In Order of Appearance

35 ILCS 5/404

from Ch. 120, par. 4-404

Synopsis As Introduced
Amends the Illinois Income Tax Act. In a Section authorizing the Director of Revenue to make certain adjustments to base income if it appears to the Director that any agreement, understanding, or arrangement exists between any persons that causes any person's base income allocable to this State to be improperly or inaccurately reflected, provides that the Director may not make these adjustment before the Department of Revenue adopts rules concerning the adjustments. Provides that, unless the principle purpose of the agreement, understanding, or arrangement is for the avoidance of federal or Illinois income tax, any adjustment made by the Director and the rules required to be adopted must be in accordance with certain provisions of the Internal Revenue Code. Deletes a provision authorizing the Director to adjust factors taken into account in allocating income. Effective immediately.

House Amendment No. 1
Authorizes the Director of Revenue to adjust factors taken into account in allocating non-business income. Provides that, unless the principal purpose of the agreement, understanding, or arrangement is for the avoidance of federal or state (instead of Illinois) income tax, any adjustment made by the Director and the rules required to be adopted must be in accordance with certain provisions of the Internal Revenue Code. Makes a technical correction.

Actions 

Date	Chamber	Action
2/22/2007	House	Filed with the Clerk by Rep. Mark H. Beaubien, Jr.
2/22/2007	House	First Reading
2/22/2007	House	Referred to Rules Committee
2/27/2007	House	Assigned to Revenue Committee
3/22/2007	House	Recommends Do Pass Subcommittee/ Revenue Committee; 003-000-000
3/22/2007	House	Remains in Revenue Committee
3/23/2007	House	Committee Deadline Extended-Rule 9(b) March 31, 2007
3/29/2007	House	House Amendment No. 1 Filed with Clerk by Revenue Committee
3/29/2007	House	House Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
3/29/2007	House	Do Pass as Amended / Short Debate Revenue Committee; 011-000-000
3/29/2007	House	Placed on Calendar 2nd Reading - Short Debate
4/17/2007	House	Second Reading - Short Debate
4/17/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/18/2007	House	Third Reading - Short Debate - Passed 116-000-000
4/20/2007	Senate	Arrive in Senate
4/20/2007	Senate	Placed on Calendar Order of First Reading April 24, 2007
4/24/2007	Senate	Chief Senate Sponsor Sen. Terry Link
4/25/2007	Senate	First Reading
4/25/2007	Senate	Referred to Rules
5/2/2007	Senate	Assigned to Revenue
5/10/2007	Senate	Do Pass Revenue; 008-000-000
5/10/2007	Senate	Placed on Calendar Order of 2nd Reading May 15, 2007
5/16/2007	Senate	Second Reading
5/16/2007	Senate	Placed on Calendar Order of 3rd Reading May 17, 2007
5/17/2007	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link
5/17/2007	Senate	Senate Floor Amendment No. 1 Referred to Rules
5/17/2007	Senate	Senate Floor Amendment No. 1 Rules Refers to Revenue
5/22/2007	Senate	Third Reading - Passed; 057-000-000
5/22/2007	Senate	Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
5/22/2007	House	Passed Both Houses
6/20/2007	House	Sent to the Governor
8/16/2007	House	Governor Vetoed
9/19/2007	House	Placed on Calendar Total Veto October 2, 2007
10/1/2007	House	Motion Filed Override Governor Veto Rep. Mark H. Beaubien, Jr.
10/5/2007	House	Total Veto Stands - No Positive Action Taken

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