Illinois General Assembly - Bill Status for SR0551
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 Bill Status of SR0551  103rd General Assembly


Short Description:  AMEND US TAX CODE/PUERTO RICO

Senate Sponsors
Sen. Omar Aquino - Natalie Toro - David Koehler - Bill Cunningham - Kimberly A. Lightford, Doris Turner, Adriane Johnson, Javier L. Cervantes, Lakesia Collins, Mike Simmons, Robert Peters, Robert F. Martwick, Christopher Belt, Mattie Hunter, Napoleon Harris, III, Celina Villanueva, Sara Feigenholtz and Karina Villa

Last Action
DateChamber Action
  10/24/2023SenateReferred to Assignments

Synopsis As Introduced
Urges the United States Congress to take immediate action to clarify and amend the U.S. tax code to prevent the misuse of Puerto Rican tax incentives. Urges any amendments to the tax code to preserve the original intent of promoting economic growth in Puerto Rico while preventing potential misuse and addressing the negative economic impacts on the local population. Encourages collaboration between federal, state, and local governments, as well as with Puerto Rican authorities, to ensure that tax policies are fair, transparent, and effective. Recommends the implementation of educational campaigns to inform the public about the proper use of tax incentives and the potential consequences of misuse in Puerto Rico.

Actions 
DateChamber Action
  10/24/2023SenateFiled with Secretary
  10/24/2023SenateReferred to Assignments
  10/25/2023SenateAdded as Co-Sponsor Sen. Doris Turner
  10/25/2023SenateAdded as Chief Co-Sponsor Sen. Natalie Toro
  10/25/2023SenateAdded as Chief Co-Sponsor Sen. David Koehler
  10/25/2023SenateAdded as Co-Sponsor Sen. Adriane Johnson
  10/25/2023SenateAdded as Co-Sponsor Sen. Javier L. Cervantes
  10/25/2023SenateAdded as Chief Co-Sponsor Sen. Bill Cunningham
  10/25/2023SenateAdded as Co-Sponsor Sen. Lakesia Collins
  10/25/2023SenateAdded as Co-Sponsor Sen. Mike Simmons
  10/25/2023SenateAdded as Co-Sponsor Sen. Robert Peters
  10/25/2023SenateAdded as Co-Sponsor Sen. Robert F. Martwick
  10/25/2023SenateAdded as Co-Sponsor Sen. Christopher Belt
  10/25/2023SenateAdded as Co-Sponsor Sen. Mattie Hunter
  10/25/2023SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  10/25/2023SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
  10/25/2023SenateAdded as Co-Sponsor Sen. Celina Villanueva
  10/25/2023SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  11/7/2023SenateAdded as Co-Sponsor Sen. Karina Villa

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