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IL SB2681

Bill

Official Source

Status

Failed

1/13/2021

Primary Sponsor

Bill Brady

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Amends Section 302 of the Illinois Income Tax Act concerning compensation paid to nonresidents
  • Makes a technical correction by removing duplicate language ("the") in subsection (a) regarding the timing of nonresident status for income allocation purposes
  • Maintains existing rules that compensation paid in Illinois to nonresidents and directly allocable deductions shall be allocated to the State
  • Preserves the Director's authority to enter reciprocal agreements with other states to exempt nonresident compensation from taxation
  • Changes effective from previous amendments under Public Act 90-491 and 91-239

Legislative Description

REVENUE-TECH

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Assignments4/12/2020
Executive2/5/2020
Assignments1/29/2020

Full Bill Text

No bill text available