IL HB2574 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-03-29 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that any person required to file a federal Form 1099 with respect to a nonresident who performed services within the State during the taxable year shall file a copy of that form with the Department of Revenue. Provides that a third-party settlement organization that is required to file an information return under certain provisions of the Internal Revenue Code shall, within 30 days of the date the filing is due to the Internal Revenue Service, file a duplicate return with the Department of Revenue. Provides that third-party network transactions are subject to the $600 de minimis reporting requirements set forth in the Internal Revenue Code, rather than the de minimis reporting requirements otherwise applicable to third-party settlement organizations under the Internal Revenue Code.

Tracking Information

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Title

INC TX-THIRD-PARTY REPORTING

Sponsors


History

DateChamberAction
2019-03-29HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2019-03-29HouseRule 19(a) / Re-referred to Rules Committee
2019-03-06HouseTo Income Tax Subcommittee
2019-03-05HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2019-02-26HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2019-02-26HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Michael J. Zalewski
2019-02-26HouseAssigned to Revenue & Finance Committee
2019-02-13HouseReferred to Rules Committee
2019-02-13HouseFirst Reading
2019-02-13HouseFiled with the Clerk by Rep. Michael J. Zalewski

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355502.2New CodeSee Bill Text

Illinois State Sources


Bill Comments

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