I have yet to come across a calculus textbook that explains this concept, which just goes to show how bad calculus textbooks are.
You can use the limit laws with infinite limits so long as you don't end up with an "indeterminate form". Some common indeterminate forms that you will run across are ∞ - ∞, ∞ ∙ 0, and ∞/∞.
For example, lets say that your function is f(x) = x + x. The limit of f(x) as x→∞ can be evaluated as ∞ + ∞, which equals ∞. But, if the function was instead f(x) = x - x, then you would end up with ∞ - ∞, which is indeterminate, so the limit law doesn't apply.
Note that there is a difference between the idea of an infinite limit and a limit that approaches infinity (usually this is called a "limit at infinity"). A limit at infinity means x→∞. An infinite limit is when a limit evaluates to ∞. An example of an infinite limit is lim x→0 of ln(x), which evaluates to -∞. An example of a limit at infinity is lim x→∞ of (3x^2 + 1)/(x^2 - 7), which evaluates to 3. You can also have an infinite limit at infinity, which is what I did in the above paragraph.
For limits at infinity, all of the limit laws are the same as the regular limit laws so long as you don't have infinite limits.