Bill Status of SB 3401   98th General Assembly

Short Description:  INC TX-BILL PAYMENT

Senate Sponsors
Sen. Toi W. Hutchinson

Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 5/901from Ch. 120, par. 9-901
35 ILCS 5/1501from Ch. 120, par. 15-1501
30 ILCS 105/5.855 new
30 ILCS 105/6z-100 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to the deduction for qualified domestic production activities allowed under Section 199 of the Internal Revenue Code for the taxable year. Makes changes concerning the definition of "unitary business group". Provides that moneys attributable to those changes shall be deposited into the Bill Payment Trust Fund. Amends the State Finance Act to create the Bill Payment Trust Fund. Provides that moneys in the Bill Payment Trust Fund shall be used to make payments to certain bona fide creditors of the State. Effective immediately.

Actions 
DateChamber Action
  2/14/2014SenateFiled with Secretary by Sen. Toi W. Hutchinson
  2/14/2014SenateFirst Reading
  2/14/2014SenateReferred to Assignments
  2/25/2014SenateAssigned to Revenue
  3/6/2014SenatePostponed - Revenue
  3/21/2014SenatePostponed - Revenue
  3/27/2014SenatePostponed - Revenue
  3/28/2014SenateRule 2-10 Committee Deadline Established As April 11, 2014
  4/3/2014SenatePostponed - Revenue
  4/11/2014SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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