Illinois 97th Regular Session Status: In Committee

HB 5473 — INC TX-NET OPERATING LOSS

Last action — Session Sine Die

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  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 97th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 that a limitation on net loss carryovers applies to losses for taxable years ending on or after December 31, 1999 and prior to December 31, 2003 and carried forward to years covered by the limitation period. Effective immediately.

Bill Text

Action History

  1. Session Sine Die

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

  3. Held on Calendar Order of Second Reading - Short Debate

  4. Second Reading - Short Debate

  5. House Floor Amendment No. 2 Referred to Rules Committee

  6. House Floor Amendment No. 2 Filed with Clerk by Rep. Scott E. Penny

  7. Added Chief Co-Sponsor Rep. Lou Lang

  8. Chief Sponsor Changed to Rep. Scott E. Penny

  9. House Committee Amendment No. 1 Tabled Pursuant to Rule 40

  10. Placed on Calendar 2nd Reading - Short Debate

  11. Do Pass / Short Debate Revenue & Finance Committee; 009-000-000

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

  13. House Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang

  14. Remains in Revenue & Finance Committee

  15. Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000

  16. Assigned to Revenue & Finance Committee

  17. Referred to Rules Committee

  18. First Reading

  19. Filed with the Clerk by Rep. Lou Lang

Sponsors

  • Scott E. Penny · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • Scott E. Penny

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"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
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 5473 do?
Amends the Illinois Income Tax Act. Provides that a limitation on net loss carryovers applies to losses for taxable years ending on or after December 31, 1999 and prior to December 31, 2003 and carried forward to years covered by the limitation period. Effective immediately.
Who sponsors HB 5473?
HB 5473 is sponsored by Scott E. Penny.
What is the current status of HB 5473?
This bill died with 97th 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 5473?
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Last checked for changes 3 months ago · updated continuously

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