SURCHARGE-PASSIVE INCOME House SponsorsRep. Anne Stava-Murray 1/13/2021HouseSession Sine Die 35 ILCS 5/201.1 new35 ILCS 5/901from Ch. 120, par. 9-901 Amends the Illinois Income Tax Act. Provides that in addition to any tax that may be imposed under Section 201, income from passive investments is subject to an annual surcharge of 0.5%, where the total dollar value of passive investments producing the income equals $2,000,000 or more. Provides that all revenue realized from these provisions shall be deposited into the Common School Fund. Defines "passive activity income". 2/13/2019HouseFiled with the Clerk by Rep. Anne Stava-Murray 2/13/2019HouseFirst Reading 2/13/2019HouseReferred to Rules Committee 2/26/2019HouseAssigned to Revenue & Finance Committee 3/6/2019HouseTo Income Tax Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die