Illinois House Bill 3124 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude (i) the portion of the income or loss received from a trade or business conducted within and without Illinois and that is not derived from or connected with Illinois sources and (ii) the portion of the income or loss received from a pass-through entity conducting business within and without Illinois that is not derived from or connected with Illinois sources. Effective immediately.

INC TX-ILLINOIS SOURCES

Rep. Anthony DeLuca [D]

Date	Chamber	Action
2025-01-07	House	Session Sine Die
2023-02-17	House	Referred to Rules Committee
2023-02-17	House	First Reading
2023-02-16	House	Filed with the Clerk by Rep. Anthony DeLuca

Chapter	Article	Section	Citation Type	Statute Text
35	5	203	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3124&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB3124.htm