IL SB2330 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-02-10 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-02-10 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Provides that no carryover deduction shall exceed $100,000 for any taxable year ending on or after December 31, 2021 and ending prior to December 31, 2023 (currently, December 31, 2024). Effective immediately.
Title
REVENUE-NET LOSS
Sponsors
| Sen. Chapin Rose [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-10 | Senate | Referred to Assignments |
| 2023-02-10 | Senate | First Reading |
| 2023-02-10 | Senate | Filed with Secretary by Sen. Chapin Rose |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 207 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2330&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB2330.htm |
