IL SB1810 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on February 9 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Makes changes concerning the federal depreciation deduction and net operating losses to restore provisions that were in effect prior to Public Act 102-16. Amends the Business Corporation Act of 1983. Provides that no franchise tax shall be imposed on foreign or domestic corporations on or after January 1, 2024, and repeals those provisions on January 1, 2025. Effective immediately.
Title
REVENUE-VARIOUS
Sponsors
| Sen. John Curran [R] | Sen. Jason Plummer [R] | Sen. Dave Syverson [R] | Sen. Win Stoller [R] |
| Sen. Andrew Chesney [R] | Sen. Craig Wilcox [R] | Sen. Sally Turner [R] | Sen. Neil Anderson [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-15 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-01-26 | Senate | Added as Co-Sponsor Sen. Neil Anderson |
| 2024-01-10 | Senate | Re-assigned to Revenue |
| 2023-07-18 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 2023-04-17 | Senate | Added as Co-Sponsor Sen. Craig Wilcox |
| 2023-03-30 | Senate | Added as Co-Sponsor Sen. Andrew S. Chesney |
| 2023-03-29 | Senate | Added as Co-Sponsor Sen. Win Stoller |
| 2023-03-28 | Senate | Added as Co-Sponsor Sen. Dave Syverson |
| 2023-03-28 | Senate | Added as Chief Co-Sponsor Sen. Jason Plummer |
| 2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2023-02-21 | Senate | Assigned to Revenue |
| 2023-02-09 | Senate | Referred to Assignments |
| 2023-02-09 | Senate | First Reading |
| 2023-02-09 | Senate | Filed with Secretary by Sen. John F. Curran |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 207 | Amended Code | Citation Text |
| 805 | 5 | 15.35 | Amended Code | Citation Text |
| 805 | 5 | 15.65 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1810&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB1810.htm |
