Illinois General Assembly - Bill Status for SB0833

Illinois General Assembly - Bill Status for SB0833

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Bill Status of SB0833 101st General Assembly

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Short Description: INCOME TAXES-TECH

Senate Sponsors
Sen. Terry Link - Emil Jones, Jr.

House Sponsors
(Rep. Michael J. Madigan - Barbara Flynn Currie - Gary Hannig)

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

from Ch. 120, par. 5-501

Synopsis As Introduced
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning notice.

House Committee Amendment No. 1

	Deletes reference to:
	35 ILCS 5/501

	Adds reference to:
	35 ILCS 5/502	from Ch. 120, par. 5-502

35 ILCS 5/709.5 new

from Ch. 120, par. 7-711

from Ch. 120, par. 7-712

from Ch. 120, par. 7-713

from Ch. 120, par. 8-804

from Ch. 120, par. 9-911

Deletes everything. Amends the Illinois Income Tax Act. Exempts from filing an Illinois income tax return nonresidents whose Illinois income tax liability is paid in full after taking into account certain credits. For taxable years ending on or after December 31, 2004, (i) allows a credit for certain nonresidents for the amount of tax paid on a composite return on his or her behalf and allows the credit for certain residents but only if permitted by the Department of Revenue by rule; (ii) authorizes the Department to promulgate rules allowing a partnership or Subchapter S corporation which has made an error on its return that affects the Illinois income tax liability of a partner or shareholder to report the changes and claim a refund for any resulting overpayment or pay the resulting underpayment on behalf of the partner or shareholder; (iii) requires partnerships, Subchapter S corporations, and trusts to withhold from nonresident partners, shareholders, and beneficiaries an amount equal to the distributable share of the business income apportionable to Illinois multiplied by the applicable rate of tax and requires that the withholding be treated as a payment of the estimated tax liability or the liability for withholding of the partner, shareholder, or beneficiary. Sets forth procedures for the withholding. Makes other changes.

	Pension Note (Economic and Fiscal Commission)
	Senate Bill 833, as amended by House Amendment 1, would not impact any public pension fund or retirement system in Illinois.

	Housing Affordability Impact Note (Housing Development Authority)
	This legislation will have no effect on constructing, purchasing, owning, or selling a single-family residence.

	Judicial Note (Admin Office of the Illinois Courts)
	Senate Bill 833, as amended by House Amendment 1, would neither increase nor decrease the number of judges needed in the State.

	State Debt Impact Note (Economic and Fiscal Commission)
	Senate Bill 833, as amended by House Amendment 1, would not change the amount of authorization for any type of State-issued or State-supported bond,and, therefore, would not affect the level of State indebtedness.

	Fiscal Note (Department of Revenue)
	As amended by HA1, requires withholding of non-resident partners and shareholders that elect not to be part of a composite return in Illinois. Will increase State revenue by an estimated $4 million.

	Balanced Budget Note (Office of Management and Budget)
	As amended by HA1, approximately $4 million additional revenues for the State as provided for in the Governor's Recommended Balanced Budget.

	Correctional Note (Dept of Corrections)
	Senate Bill 833, as amended by House Amendment 1, will have no corrections population or fiscal impact on the Department.

	Home Rule Note (Department of Commerce and Economic Opportunity)
	Senate Bill 833, as amended by House Amendment 1, does not pre-empt home rule authority.

	State Mandates Fiscal Note (Department of Commerce and Economic Opportunity)
	Senate Bill 833, as amended by House Amendment 1, does not create a State mandate under the State Mandates Act.

Actions

Date	Chamber	Action
2/19/2003	Senate	Filed with Secretary by Sen. Terry Link
2/19/2003	Senate	Chief Co-Sponsor Sen. Emil Jones, Jr.
2/19/2003	Senate	First Reading
2/19/2003	Senate	Referred to Rules
3/5/2003	Senate	Assigned to Executive
3/13/2003	Senate	Do Pass Executive; 008-005-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/18/2003	Senate	Second Reading
3/18/2003	Senate	Placed on Calendar Order of 3rd Reading ** March 19, 2003
3/27/2003	Senate	Verified
3/27/2003	Senate	Third Reading - Passed; 032-016-002
3/27/2003	House	Arrived in House
3/27/2003	House	Placed on Calendar Order of First Reading
3/27/2003	House	Chief House Sponsor Rep. Michael J. Madigan
3/27/2003	House	First Reading
3/27/2003	House	Referred to Rules Committee
3/31/2003	House	Assigned to Executive Committee
5/2/2003	House	Rule 19(a) / Re-referred to Rules Committee
5/14/2003	House	Assigned to Executive Committee
5/14/2003	House	Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
5/15/2003	House	Re-assigned to Revenue Committee
5/15/2003	House	Motion to Suspend Rule 25 - Prevailed by Voice Vote
6/1/2003	House	Rule 19(a) / Re-referred to Rules Committee
5/4/2004	House	Assigned to Revenue Committee
5/13/2004	House	House Committee Amendment No. 1 Filed with Clerk by Revenue Committee
5/13/2004	House	House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
5/13/2004	House	Do Pass as Amended / Standard Debate Revenue Committee; 005-004-000
5/13/2004	House	Placed on Calendar 2nd Reading - Standard Debate
5/14/2004	House	Committee/3rd Reading Deadline Extended-Rule 9(b) May 31, 2004
5/18/2004	House	Added Alternate Chief Co-Sponsor Rep. Barbara Flynn Currie
5/18/2004	House	Added Alternate Chief Co-Sponsor Rep. Gary Hannig
5/20/2004	House	Second Reading - Standard Debate
5/20/2004	House	Placed on Calendar Order of 3rd Reading - Standard Debate
5/21/2004	House	Pension Note Filed As Amended by HA 1
5/21/2004	House	Housing Affordability Impact Note Filed As Amended by HA 1
5/24/2004	House	Judicial Note Filed As Amended by HA 1
5/24/2004	House	State Debt Impact Note Filed As Amended by HA 1
5/26/2004	House	Fiscal Note Filed As Amended by HA 1
5/28/2004	House	Balanced Budget Note Filed As Amended by HA 1
5/30/2004	House	Correctional Note Filed As Amended by HA 1
5/31/2004	House	Final Action Deadline Extended-9(b) June 30, 2004
6/3/2004	House	Home Rule Note Filed As Amended by HA 1
6/3/2004	House	State Mandates Fiscal Note Filed As Amended by HA 1
6/30/2004	House	Final Action Deadline Extended-9(b) July 15, 2004
7/15/2004	House	Final Action Deadline Extended-9(b) JULY 31, 2004
7/31/2004	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	Senate	Session Sine Die