Illinois Senate Bill 3401 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates an addition modification in an amount equal to the deduction for qualified domestic production activities allowed under Section 199 of the Internal Revenue Code for the taxable year. Makes changes concerning the definition of "unitary business group". Provides that moneys attributable to those changes shall be deposited into the Bill Payment Trust Fund. Amends the State Finance Act to create the Bill Payment Trust Fund. Provides that moneys in the Bill Payment Trust Fund shall be used to make payments to certain bona fide creditors of the State. Effective immediately.

INC TX-BILL PAYMENT

Sen. Toi Hutchinson [D]

Date	Chamber	Action
2015-01-13	Senate	Session Sine Die
2014-04-11	Senate	Rule 3-9(a) / Re-referred to Assignments
2014-04-03	Senate	Postponed - Revenue
2014-03-28	Senate	Rule 2-10 Committee Deadline Established As April 11, 2014
2014-03-27	Senate	Postponed - Revenue
2014-03-21	Senate	Postponed - Revenue
2014-03-06	Senate	Postponed - Revenue
2014-02-25	Senate	Assigned to Revenue
2014-02-14	Senate	Referred to Assignments
2014-02-14	Senate	First Reading
2014-02-14	Senate	Filed with Secretary by Sen. Toi W. Hutchinson

Chapter	Article	Section	Citation Type	Statute Text
30	105	5.855	New Code	See Bill Text
30	105	6z-100	New Code	See Bill Text
35	5	1501	Amended Code	Citation Text
35	5	203	Amended Code	Citation Text
35	5	901	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3401&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/SB/09800SB3401.htm