IL HB1396 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 15 2025 - 25% progression
Action: 2025-01-15 - Filed with the Clerk by Rep. Curtis J. Tarver, II
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 15 2025 - 25% progression
Action: 2025-01-15 - Filed with the Clerk by Rep. Curtis J. Tarver, II
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
INC TX-FOREIGN TAX
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-15 | House | Filed with the Clerk by Rep. Curtis J. Tarver, II |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 601 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1396&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/HB/10400HB1396.htm |
