IL HB3425 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2021-05-14 - Added Co-Sponsor Rep. Anna Moeller
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2021-05-14 - Added Co-Sponsor Rep. Anna Moeller
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to certain gains attributable to Opportunity Funds under certain provisions of the Internal Revenue Code. Effective immediately.
Title
INC TX-OPPORTUNITY FUND-GAINS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-05-14 | House | Added Co-Sponsor Rep. Anna Moeller |
| 2021-05-07 | House | Added Co-Sponsor Rep. Delia C. Ramirez |
| 2021-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2021-03-25 | House | Added Co-Sponsor Rep. Kelly M. Cassidy |
| 2021-03-16 | House | Assigned to Revenue & Finance Committee |
| 2021-02-22 | House | Referred to Rules Committee |
| 2021-02-22 | House | First Reading |
| 2021-02-19 | House | Filed with the Clerk by Rep. Will Guzzardi |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 203 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3425&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB3425.htm |
