REVENUE-NET LOSS
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2023
Last action Feb 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Feb 10, 2023
Committee
Referred to Assignments
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chapin Rose
RRepublican
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