Illinois General Assembly - Bill Status for HB2574
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 Bill Status of HB2574  101st General Assembly


Short Description:  INC TX-THIRD-PARTY REPORTING

House Sponsors
Rep. Michael J. Zalewski

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/502.2 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that any person required to file a federal Form 1099 with respect to a nonresident who performed services within the State during the taxable year shall file a copy of that form with the Department of Revenue. Provides that a third-party settlement organization that is required to file an information return under certain provisions of the Internal Revenue Code shall, within 30 days of the date the filing is due to the Internal Revenue Service, file a duplicate return with the Department of Revenue. Provides that third-party network transactions are subject to the $600 de minimis reporting requirements set forth in the Internal Revenue Code, rather than the de minimis reporting requirements otherwise applicable to third-party settlement organizations under the Internal Revenue Code.

Actions 
DateChamber Action
  2/13/2019HouseFiled with the Clerk by Rep. Michael J. Zalewski
  2/13/2019HouseFirst Reading
  2/13/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Revenue & Finance Committee
  2/26/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
  2/26/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/5/2019HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/6/2019HouseTo Income Tax Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  3/29/2019HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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