Illinois General Assembly - Bill Status for SB3401

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
2/14/2014	Senate	Filed with Secretary by Sen. Toi W. Hutchinson
2/14/2014	Senate	First Reading
2/14/2014	Senate	Referred to Assignments
2/25/2014	Senate	Assigned to Revenue
3/6/2014	Senate	Postponed - Revenue
3/21/2014	Senate	Postponed - Revenue
3/27/2014	Senate	Postponed - Revenue
3/28/2014	Senate	Rule 2-10 Committee Deadline Established As April 11, 2014
4/3/2014	Senate	Postponed - Revenue
4/11/2014	Senate	Rule 3-9(a) / Re-referred to Assignments
1/13/2015	Senate	Session Sine Die

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