IL HB1510 | 2013-2014 | 98th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that no net loss carryover deduction shall exceed $100,000 for any taxable year ending on or after December 31, 2012 and prior to December 31, 2013 (instead of December 31, 2014). Effective immediately.
Title
INC TX-NET LOSS CARRYOVER
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-12-03 | House | Session Sine Die |
| 2013-03-22 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2013-02-19 | House | Assigned to Revenue & Finance Committee |
| 2013-02-13 | House | Referred to Rules Committee |
| 2013-02-13 | House | First Reading |
| 2013-02-07 | House | Filed with the Clerk by Rep. Barbara Wheeler |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 207 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1510&GAID=12&DocTypeID=HB&SessionID=85&GA=98 |
| Text | https://www.ilga.gov/legislation/98/HB/09800HB1510.htm |
