· IL legislature · 104th

INC TX-OPPORTUNITY ZONES

Amends the Illinois Income Tax Act. Creates a credit in an amount equal to the investment made by the taxpayer during the taxable year in a Qualified Opportunity Fund. Provides that no such credit may be taken for any taxable year that begins prior to January 1, 2025. Provides that excess credits may be carried forw…

Sponsor

Justin Slaughter (D-IL)

Introduced

2025-02-07

Policy area

Taxation

Latest action

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