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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0486 Introduced 01/31/11, by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 35 ILCS 5/302 | from Ch. 120, par. 3-302 |
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Amends the Illinois Income Tax Act. Makes a technical change in a Section
concerning income allocation.
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| | A BILL FOR |
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| | HB0486 | | LRB097 03329 HLH 43366 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Income Tax Act is amended by |
| 5 | | changing Section 302 as follows:
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| 6 | | (35 ILCS 5/302) (from Ch. 120, par. 3-302)
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| 7 | | Sec. 302. Compensation paid to nonresidents.
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| 8 | | (a) In general. All items of compensation paid in this |
| 9 | | State (as
determined under Section 304(a)(2)(B)) to an |
| 10 | | individual who is a
nonresident at the
the time of such payment |
| 11 | | and all items of deduction directly
allocable thereto, shall be |
| 12 | | allocated to this State. |
| 13 | | (b) Reciprocal exemption. The Director may enter into an |
| 14 | | agreement with
the taxing authorities of any state which |
| 15 | | imposes a tax on or measured by
income to provide that |
| 16 | | compensation paid in such state to residents of this
State |
| 17 | | shall be exempt from such tax; in such case, any compensation |
| 18 | | paid in
this State to residents of such state shall not be |
| 19 | | allocated to this State.
All reciprocal agreements shall be |
| 20 | | subject to the requirements of Section
2505-575 of the |
| 21 | | Department of Revenue Law (20 ILCS
2505/2505-575).
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| 22 | | (c) Cross references.
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| 23 | | (1) For allocation of amounts received by
nonresidents |