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IL HB5473

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

Scott Penny

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

  • Amends House Bill 5473 regarding net operating loss provisions in the Illinois Income Tax Code
  • Adds an exception clause to existing Code language, specifically referencing subsection (d)
  • Amendment filed March 23, 2012 by Rep. Scott E Penny
  • Creates a carve-out or limitation to standard net operating loss treatment through new subsection (d) exception

Legislative Description

INC TX-NET OPERATING LOSS

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules3/30/2012
Revenue & Finance2/27/2012
Rules2/15/2012

Full Bill Text

No bill text available