· IL legislature · 104th

REVENUE-VARIOUS

Amends the Illinois Income Tax Act. Provides that a limitation on carryover deductions for corporations applies for taxable years ending on or after December 31, 2024 and prior to December 31, 2025 (currently, December 31, 2027). Amends the Business Corporation Act of 1983. Provides that no franchise tax shall be im…

Sponsor

John Curran (R-IL)

Introduced

2025-02-07

Policy area

Taxation

Latest action

Rule 3-9(a) / Re-referred to Assignments