HB 2566

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Surcharge-Passive Income

Abstract

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".

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Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Mar 06, 2019

House

To Income Tax Subcommittee

Feb 26, 2019

House

Assigned to Revenue & Finance Committee

Feb 13, 2019

House

Filed with the Clerk by Rep. Anne Stava-Murray

House

First Reading

House

Referred to Rules Committee

Bill Text

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