Bill Sponsors: IL HB4798 | 2017-2018 | 100th General Assembly
Bill Title: Amends the Illinois Income Tax Act. Provides that a Personal Property Tax Replacement Income Tax in an additional amount equal to 7.5% of its net income shall be imposed on limited liability companies. Deletes language that exempts investment partnerships from a Personal Property Tax Replacement Income Tax.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB4798 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Failed) 2019-01-08 - Session Sine Die [HB4798 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
| Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
|---|---|---|---|---|---|---|
| Representative Emanuel Welch [D] | Primary | Sponsored Bills | HD-007 | FollowTheMoney | Ballotpedia | VoteSmart |
| Representative Will Guzzardi [D] | Cosponsor | Sponsored Bills | HD-039 | FollowTheMoney | Ballotpedia | VoteSmart |
