<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 3401         </title>
<shortdesc>INC TX-BILL PAYMENT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Toi W. Hutchinson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2015</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><reference>35 ILCS 5/901</reference><aliasreference>from Ch. 120, par. 9-901</aliasreference><reference>35 ILCS 5/1501</reference><aliasreference>from Ch. 120, par. 15-1501</aliasreference><reference>30 ILCS 105/5.855 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/6z-100 new</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2014</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Toi W. Hutchinson</action>
<statusdate>2/14/2014</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/14/2014</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/25/2014</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/6/2014</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/21/2014</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/27/2014</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>3/28/2014</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 11, 2014</action>
<statusdate>4/3/2014</statusdate><chamber>Senate</chamber><action>Postponed - Revenue</action>
<statusdate>4/11/2014</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/13/2015</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

