IL HB0199 | 2015-2016 | 99th General Assembly

Status

Spectrum: Slight Partisan Bill (Democrat 6-3)
Status: Introduced on January 15 2015 - 25% progression, died in committee
Action: 2015-05-27 - Added Co-Sponsor Rep. Linda Chapa LaVia
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. In provisions providing that a unitary business group does not include members whose business activity outside the United States is 80% or more of that member's total business activity, provides that the phrase "United States" means only the 50 states, the District of Columbia, and any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources, but does not include any territory or possession of the United States (currently, for those purposes, "United States" means only the 50 states and the District of Columbia, but does not include any territory or possession of the United States or any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources). Amends the Limited Liability Company Act. Reduces the fees for filing articles of organization, applications for admission, and restated articles of organization to $125 for a series LLC (currently, $750) and $75 for all other LLCs (currently, $500).

Tracking Information

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Title

REVENUE-INC TX-REDUCE LLC FEE

Sponsors


History

DateChamberAction
2015-05-27HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
2015-03-31HouseAdded Co-Sponsor Rep. Patricia R. Bellock
2015-03-27HouseRule 19(a) / Re-referred to Rules Committee
2015-03-12HouseAdded Co-Sponsor Rep. Laura Fine
2015-03-05HouseAdded Chief Co-Sponsor Rep. Elaine Nekritz
2015-03-03HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
2015-02-25HouseAdded Co-Sponsor Rep. Robert W. Pritchard
2015-02-25HouseAdded Co-Sponsor Rep. Carol Sente
2015-02-25HouseAdded Chief Co-Sponsor Rep. John Bradley
2015-02-20HouseTo Sales and Other Taxes Subcommittee
2015-02-03HouseAssigned to Revenue & Finance Committee
2015-01-15HouseReferred to Rules Committee
2015-01-15HouseFirst Reading
2015-01-15HouseFiled with the Clerk by Rep. David Harris

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3551501Amended CodeCitation Text
80518050-10Amended CodeCitation Text

Illinois State Sources


Bill Comments

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