Illinois 95th Regular Session Status: Passed Senate

SB 2873 — INC TX-DUE DATES

Last action — Session Sine Die

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

This bill died with 95th Regular Session. It reached “Passed Senate” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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. Makes changes to the calculation of the credit for income tax that is paid by a resident to another state on income that is also subject to the Illinois Income tax. Effective immediately.

Bill Text

What changed in the latest version

17 added · 33 removed

Plain-language change summary

The changes to Bill SB 2873 adjust how tax credits for income taxes paid to other states are calculated for Illinois residents. Specifically, the new version clarifies that credits cannot exceed a specified ratio based on the total income subject to Illinois tax, and it adds requirements for documentation and notification if a tax credit is claimed. These changes are important as they aim to ensure that taxpayers provide proper support for credits while maintaining fairness in tax calculations, potentially impacting how much individuals owe.

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*LRB09518330BDD44414b* SB2873 95TH GENERAL ASSEMBLY State of Illinois and 2008 SB2873 Introduced 2/15/2008, by Sen.
SB2873 Engrossed LRB095 18330 BDD 44414 b AN ACT concerning revenue.
Michael Noland SYNOPSIS AS INTRODUCED:
ILCS 5/601 from Ch.
120, par.
6-601 Amends the Illinois Income Tax Act.
Makes changes to the calculation of the credit for income tax that is paid by a resident to another state on income that is also subject to the Illinois Income tax.
Effective immediately.
LRB095 18330 BDD 44414 b FISCMAY APPLYCT A BILL FOR SB2873 LRB095 18330 BDD 44414 b AN ACT concerning revenue.
For purposes of the Illinois Administrative Procedure Act, the adoption of rules to prescribe a later due SB2873 - 2 - LRB095 18330 BDD 44414 b date for payment shall be deemed an emergency and necessary for the public interest, safety, and welfare.
For purposes of the Illinois Administrative Procedure Act, the adoption of rules to prescribe a later due SB2873 Engrossed - 2 - LRB095 18330 BDD 44414 b date for payment shall be deemed an emergency and necessary for the public interest, safety, and welfare.
For taxable years ending prior to December 31, 2008, the The SB2873 - 3 - LRB095 18330 BDD 44414 b aggregate credit provided under this paragraph shall not exceed that amount which bears the same ratio to the tax imposed by subsections 201(a) and (b) otherwise due under this Act as the amount of the taxpayer’s base income subject to tax both by such other state or states and by this State bears to his total base income subject to tax by this State for the taxable year.
For taxable years ending prior to December 31, 2008, the The SB2873 Engrossed - 3 - LRB095 18330 BDD 44414 b aggregate credit provided under this paragraph shall not exceed that amount which bears the same ratio to the tax imposed by subsections 201(a) and (b) otherwise due under this Act as the amount of the taxpayer’s base income subject to tax both by such other state or states and by this State bears to his total base income subject to tax by this State for the taxable year.
For taxable years ending on or after December 31, 2008, the credit provided under this paragraph for tax paid to another state shall not exceed that amount that bears the same ratio to the tax imposed by subsections 201(a) and (b) otherwise due under this Act as the amount of the taxpayer’s base income that would be allocated or apportioned to that state if that state has adopted the provisions in Article 3 of this Act bears to his total base income subject to tax by this State for the taxable year.
For taxable years ending on or after December 31, 2008, the credit provided under this paragraph for tax paid to other states shall not exceed that amount which bears the same ratio to the tax imposed by subsections 201(a) and (b) otherwise due under this Act as the amount of the taxpayer’s base income that would be allocated or apportioned to other states if all other states had adopted the provisions in Article 3 of this Act bears to the taxpayer’s total base income subject to tax by this State for the taxable year.
If the net income of a taxpayer includes amounts included in his base income by reason of Section 668 or 669 of the SB2873 - 4 - LRB095 18330 BDD 44414 b Internal Revenue Code (relating to accumulation and capital gain distributions by a trust, respectively), the tax imposed on such taxpayer by this Act shall be credited with his pro rata portion of the taxes imposed by this Act on such trust for preceding taxable years which would not have been payable for such preceding years if the trust had in fact made distributions to its beneficiaries at the times and in the amounts specified in Sections 666 and 669 of the Internal Revenue Code.
If the net income of a taxpayer includes amounts included in his base income by reason of Section 668 or 669 of the SB2873 Engrossed - 4 - LRB095 18330 BDD 44414 b Internal Revenue Code (relating to accumulation and capital gain distributions by a trust, respectively), the tax imposed on such taxpayer by this Act shall be credited with his pro rata portion of the taxes imposed by this Act on such trust for preceding taxable years which would not have been payable for such preceding years if the trust had in fact made distributions to its beneficiaries at the times and in the amounts specified in Sections 666 and 669 of the Internal Revenue Code.
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Action History

  1. Session Sine Die

  2. Pursuant to Senate Rule 3-9(b) / Referred to Rules

  3. Placed on Calendar Order of Concurrence House Amendment(s) 01-May 31, 2008

  4. Secretary's Desk - Concurrence House Amendment(s) 01

  5. Third Reading - Short Debate - Passed 114-000-000

  6. Placed on Calendar Order of 3rd Reading - Short Debate

  7. Second Reading - Short Debate

  8. Final Action Deadline Extended-9(b) May 31, 2008

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

  10. Second Reading - Short Debate

  11. Placed on Calendar 2nd Reading - Short Debate

  12. Do Pass as Amended / Short Debate Revenue Committee; 009-000-000

  13. House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote

  14. House Committee Amendment No. 1 Filed with Clerk by Revenue Committee

  15. Motion to Suspend Rule 25 - Prevailed

  16. Moved to Suspend Rule 25 Rep. Barbara Flynn Currie

  17. Committee Deadline Extended-Rule 9(b) May 23, 2008

  18. Assigned to Revenue Committee

  19. Referred to Rules Committee

  20. First Reading

  21. Chief House Sponsor Rep. Barbara Flynn Currie

  22. Placed on Calendar Order of First Reading

  23. Arrived in House

  24. Third Reading - Passed; 040-014-000

  25. Placed on Calendar Order of 3rd Reading April 17, 2008

  26. Senate Floor Amendment No. 1 Adopted; Noland

  27. Second Reading

  28. Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 006-002-000

  29. Senate Floor Amendment No. 1 Rules Refers to Revenue

  30. Senate Floor Amendment No. 1 Referred to Rules

  31. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Michael Noland

  32. Placed on Calendar Order of 2nd Reading April 1, 2008

  33. Do Pass Revenue; 007-002-000

  34. Held in Revenue

  35. Assigned to Revenue

  36. Referred to Rules

  37. First Reading

  38. Filed with Secretary by Sen. Michael Noland

Sponsors

  • Michael Noland · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on · 1 voted No

Sponsors (0)

None.

Co-sponsors (1)

  • Michael Noland

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

Votes

Third Reading

Passed 114 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Democrat 8001
Unaffiliated 102003
Republican 4000
Total 114004
% of votes cast 97%0%0%3%
How each member voted (118)
Member Party Vote
Jefferies — Yea
Jefferson — Yea
Krause — Yea
Lang — Yea
Lindner — Yea
Mathias — Yea
McAuliffe — Yea
McCarthy — Yea
Mendoza — Yea
Meyer — Yea
Reitz — Yea
Molaro — Yea
Lyons — Yea
Ramey — Yea
Schock — Yea
Scully — Yea
Sommer — Yea
McGuire — Yea
Bradley, John — Yea
Bradley, Richard — Yea
Brady — Yea
Mitchell, Bill — Yea
Mitchell, Jerry — Yea
Burke — Yea
Sullivan — Yea
Dugan — Yea
Dunkin — Yea
Dunn — Yea
Durkin — Yea
Eddy — Yea
Flider — Yea
Flowers — Yea
Fortner — Yea
Franks — Yea
Fritchey — Yea
Froehlich — Yea
Golar — Yea
Gordon — Yea
Graham — Yea
Granberg — Yea
Hamos — Yea
Hannig — Yea
Harris — Yea
Madigan — Yea
Hernandez — Yea
Mulligan — Yea
Munson — Yea
Myers — Yea
Nekritz — Yea
Howard — Yea
Patterson — Yea
Phelps — Yea
Davis, Monique — Yea
Tryon — Yea
Watson — Not Voting
Turner — Yea
Verschoore — Yea
Wait — Yea
Washington — Yea
Winters — Yea
Yarbrough — Yea
Younge — Yea
Coladipietro — Yea
Cole — Yea
Colvin — Yea
Coulson — Yea
Cross — Yea
Cultra — Yea
Currie — Yea
D'Amico — Yea
Hassert — Yea
Holbrook — Yea
Jakobsson — Yea
Kosel — Yea
Osmond — Yea
Osterman — Not Voting
Pihos — Yea
Poe — Yea
Pritchard — Yea
Reboletti — Yea
Reis — Yea
Riley — Yea
Ryg — Yea
Sacia — Yea
Saviano — Yea
Schmitz — Yea
Soto — Yea
Leitch — Yea
Acevedo — Yea
Arroyo — Yea
Bassi — Yea
Beaubien — Yea
Beiser — Yea
Bellock — Yea
Berrios — Yea
Biggins — Yea
Mautino — Yea
Black — Yea
Boland — Yea
May — Yea
Bost — Yea
Brauer — Yea
Brosnahan — Not Voting
Moffitt — Yea
Chapa LaVia — Yea
Fred Crespo Democrat Yea
Jay Hoffman Democrat Yea
La Shawn K. Ford Democrat Yea
Lakesia Collins Democrat Yea
Nicholas K. Smith Democrat Yea
Patrick J. Joyce Democrat Yea
Robert "Bob" Rita Democrat Yea
Sara Feigenholtz Democrat Yea
William "Will" Davis Democrat Not Voting
Brad Stephens Republican Yea
Chapin Rose Republican Yea
Chris Miller Republican Yea
Jil Tracy Republican Yea

Official roll call →

Third Reading

Passed 40 Yea · 14 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 321304
Democrat 8100
Republican 0001
Total 401405
% of votes cast 68%24%0%8%
How each member voted (59)
Member Party Vote
Halvorson — Yea
Link — Yea
Maloney — Yea
Meeks — Yea
Schoenberg — Yea
Steans — Yea
Sullivan — Yea
Clayborne — Yea
Forby — Yea
Frerichs — Yea
Garrett — Yea
Haine — Yea
Kotowski — Yea
Munoz — Yea
Lauzen — Nay
Cullerton — Yea
Jacobs — Yea
Demuzio — Yea
Luechtefeld — Not Voting
Brady — Nay
Millner — Yea
Noland — Yea
Watson — Nay
Peterson — Not Voting
Jones, J. — Nay
Radogno — Yea
Trotter — Yea
Viverito — Not Voting
Wilhelmi — Yea
Cronin — Nay
Crotty — Yea
Dahl — Nay
DeLeo — Yea
Dillard — Nay
Hendon — Yea
Hultgren — Nay
Pankau — Yea
Raoul — Yea
Righter — Nay
Risinger — Nay
Rutherford — Yea
Sandoval — Not Voting
Silverstein — Yea
Althoff — Nay
Martinez — Yea
Bivins — Nay
Bomke — Yea
Bond — Yea
Burzynski — Nay
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Nay
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Not Voting

Official roll call →

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 SB 2873 do?
Amends the Illinois Income Tax Act. Makes changes to the calculation of the credit for income tax that is paid by a resident to another state on income that is also subject to the Illinois Income tax. Effective immediately.
Who sponsors SB 2873?
SB 2873 is sponsored by Michael Noland.
What is the current status of SB 2873?
This bill died with 95th Regular Session. It reached “Passed Senate” 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 SB 2873?
Track SB 2873 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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