<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 189          </title>
<shortdesc>INC TAX-NET INCOME</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Win Stoller</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/201</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Provides that, in the case of an entity that elects entity-level tax treatment under the Act, the term "net income" includes certain distributions to retired partners or shareholders under a retirement or disability plan. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/31/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Win Stoller</action>
<statusdate>1/31/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/31/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/7/2023</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

