Illinois 101st Regular Session Status: In Committee 24 D cosponsors

HB 2085 — INC TX-WATER'S EDGE

Last action — Added Co-Sponsor Rep. Jonathan "Yoni" Pizer

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Illinois Income Tax Act. Provides for a water's edge apportionment election for certain members of a unitary business group. Provides that, with respect to foreign corporations that make a water's edge election, the deduction for dividends is limited to 75%.

Bill Text

Action History

  1. Added Co-Sponsor Rep. Jonathan "Yoni" Pizer

  2. Added Co-Sponsor Rep. Yehiel M. Kalish

  3. Added Co-Sponsor Rep. Justin Slaughter

  4. Added Co-Sponsor Rep. Diane Pappas

  5. Added Co-Sponsor Rep. Maurice A. West, II

  6. Added Co-Sponsor Rep. Michelle Mussman

  7. Added Co-Sponsor Rep. Emanuel Chris Welch

  8. Added Co-Sponsor Rep. Michael J. Zalewski

  9. Added Co-Sponsor Rep. Arthur Turner

  10. Added Co-Sponsor Rep. Camille Y. Lilly

  11. Added Co-Sponsor Rep. La Shawn K. Ford

  12. Added Co-Sponsor Rep. Aaron M. Ortiz

  13. Added Co-Sponsor Rep. Joyce Mason

  14. Added Co-Sponsor Rep. Lamont J. Robinson, Jr.

  15. Added Co-Sponsor Rep. Anne Stava-Murray

  16. Added Co-Sponsor Rep. Robert Martwick

  17. Added Co-Sponsor Rep. Robyn Gabel

  18. Added Co-Sponsor Rep. Carol Ammons

  19. Added Co-Sponsor Rep. Will Guzzardi

  20. Added Co-Sponsor Rep. Deb Conroy

  21. Added Co-Sponsor Rep. Sam Yingling

  22. Added Co-Sponsor Rep. Marcus C. Evans, Jr.

  23. Added Co-Sponsor Rep. Anna Moeller

  24. Added Co-Sponsor Rep. Jennifer Gong-Gershowitz

  25. Added Co-Sponsor Rep. Celina Villanueva

  26. Added Co-Sponsor Rep. Nicholas K. Smith

  27. Added Co-Sponsor Rep. Michael Halpin

  28. House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

  29. Rule 19(a) / Re-referred to Rules Committee

  30. Added Co-Sponsor Rep. Delia C. Ramirez

  31. House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

  32. House Committee Amendment No. 1 Referred to Rules Committee

  33. House Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris

  34. Added Co-Sponsor Rep. Kelly M. Cassidy

  35. Chief Co-Sponsor Changed to Rep. Elizabeth Hernandez

  36. Added Chief Co-Sponsor Rep. Elizabeth Hernandez

  37. To Income Tax Subcommittee

  38. Assigned to Revenue & Finance Committee

  39. Added Co-Sponsor Rep. Sara Feigenholtz

  40. Added Co-Sponsor Rep. Ann M. Williams

  41. Chief Co-Sponsor Changed to Rep. Mary E. Flowers

  42. Added Chief Co-Sponsor Rep. LaToya Greenwood

  43. Added Chief Co-Sponsor Rep. Mary E. Flowers

  44. Added Co-Sponsor Rep. Theresa Mah

  45. Added Co-Sponsor Rep. William Davis

  46. Referred to Rules Committee

  47. First Reading

  48. Filed with the Clerk by Rep. Gregory Harris

Sponsors

Sponsorship breakdown

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0 sponsors · 37 co-sponsors · 146 not signed on

Sponsors (0)

None.

Co-sponsors (37)

Not signed on (146)

146 members have not signed on to this bill.

Show all 146 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does HB 2085 do?
Amends the Illinois Income Tax Act. Provides for a water's edge apportionment election for certain members of a unitary business group. Provides that, with respect to foreign corporations that make a water's edge election, the deduction for dividends is limited to 75%.
Who sponsors HB 2085?
HB 2085 is sponsored by Anna Moeller (Democrat), Gregory Harris, Mary E. Flowers, LaToya Greenwood, William "Will" Davis (Democrat), Theresa Mah (Democrat), Ann M. Williams (Democrat), Sara Feigenholtz (Democrat), Kelly M. Cassidy (Democrat), Delia C. Ramirez, Michael W. Halpin (Democrat), Nicholas K. Smith (Democrat), Celina Villanueva (Democrat), Jennifer Gong-Gershowitz (Democrat), Sam Yingling, Deb Conroy, Will Guzzardi (Democrat), Carol Ammons (Democrat), Robyn Gabel (Democrat), Robert Martwick, Anne Stava (Democrat), Lamont J. Robinson, Jr., Joyce Mason (Democrat), Aarón M. Ortíz (Democrat), Camille Y. Lilly (Democrat), Arthur Turner, Michael J. Zalewski, Michelle Mussman (Democrat), Maurice A. West, II (Democrat), Diane Pappas, Justin Slaughter (Democrat), Yehiel M. Kalish, Jonathan "Yoni" Pizer, Marcus C. Evans, Jr. (Democrat), Emanuel "Chris" Welch (Democrat), La Shawn K. Ford (Democrat), and Elizabeth "Lisa" Hernandez (Democrat).
What is the current status of HB 2085?
This bill died with 101st Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 2085?
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