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Amends the Illinois Income Tax Act. Provides that provisions concerning a credit for foreign taxes shall be applied without regard to provisions concerning distributions of investment partnership income to nonresident partners. Effective immediately.
Introduced
Jan 28, 2025
Last Action
Apr 11, 2025
Session
IL 104th
Sponsors
1 primary · 4 co
Rule 19(a) / Re-referred to Rules Committee
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Added Co-Sponsor Rep. Emanuel "Chris" Welch
Added Co-Sponsor Rep. Joe C. Sosnowski
Added Co-Sponsor Rep. Daniel Didech
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Revenue & Finance Committee; 018-000-000
Added Co-Sponsor Rep. Margaret Croke
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Curtis J. Tarver, II
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee
Curtis J. Tarver, II