Illinois General Assembly - Bill Status for SB3816
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 Bill Status of SB3816  102nd General Assembly


Short Description:  INC TX-ILLINOIS SOURCES

Senate Sponsors
Sen. Don Harmon

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude the portion of the income or loss received from a trade or business conducted within and without Illinois or from a pass-through entity conducting business within and without Illinois that is not derived from or connected with Illinois sources. Effective immediately.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Scott M. Bennett
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments
  2/1/2022SenateAssigned to Revenue
  2/10/2022SenateRule 3-9(a) / Re-referred to Assignments
  12/22/2022SenateChief Sponsor Changed to Sen. Don Harmon
  1/10/2023SenateSession Sine Die

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