Illinois General Assembly - Bill Status for SB1147
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 Bill Status of SB1147  103rd General Assembly


Short Description:  REVENUE-TECH

Senate Sponsors
Sen. Win Stoller

House Sponsors
(Rep. Ryan Spain)

Last Action
DateChamber Action
  4/28/2023HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/101from Ch. 120, par. 1-101


Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.

Senate Floor Amendment No. 1
Deletes reference to:
35 ILCS 5/101from Ch. 120, par. 1-101
Adds reference to:
35 ILCS 5/201

Replaces everything after the enacting clause. Amends the Illinois Income Tax Act. Provides that, in the case of an entity that elects entity-level tax treatment under the Act, the term "net income" does not include certain distributions to retired partners or shareholders under a retirement or disability plan, to the extent that those distributions are exempt from tax under specified provisions of the Act. Effective immediately.

Senate Floor Amendment No. 2
Makes a technical correction concerning a cross reference.

Actions 
DateChamber Action
  2/2/2023SenateFiled with Secretary by Sen. John F. Curran
  2/2/2023SenateFirst Reading
  2/2/2023SenateReferred to Assignments
  3/2/2023SenateAssigned to Executive
  3/9/2023SenateDo Pass Executive; 011-000-000
  3/9/2023SenatePlaced on Calendar Order of 2nd Reading March 10, 2023
  3/10/2023SenateSecond Reading
  3/10/2023SenatePlaced on Calendar Order of 3rd Reading March 21, 2023
  3/17/2023SenateChief Sponsor Changed to Sen. Win Stoller
  3/20/2023SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Win Stoller
  3/20/2023SenateSenate Floor Amendment No. 1 Referred to Assignments
  3/21/2023SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Win Stoller
  3/21/2023SenateSenate Floor Amendment No. 2 Referred to Assignments
  3/28/2023SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue
  3/28/2023SenateSenate Floor Amendment No. 2 Assignments Refers to Revenue
  3/30/2023SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 007-000-000
  3/30/2023SenateSenate Floor Amendment No. 2 Recommend Do Adopt Revenue; 007-000-000
  3/30/2023SenateRecalled to Second Reading
  3/30/2023SenateSenate Floor Amendment No. 1 Adopted; Stoller
  3/30/2023SenateSenate Floor Amendment No. 2 Adopted; Stoller
  3/30/2023SenatePlaced on Calendar Order of 3rd Reading
  3/30/2023SenateThird Reading - Passed; 057-000-000
  3/31/2023HouseArrived in House
  3/31/2023HouseChief House Sponsor Rep. Tony M. McCombie
  3/31/2023HouseAlternate Chief Sponsor Changed to Rep. Ryan Spain
  4/11/2023HouseFirst Reading
  4/11/2023HouseReferred to Rules Committee
  4/18/2023HouseAssigned to Revenue & Finance Committee
  4/28/2023HouseRule 19(a) / Re-referred to Rules Committee

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