summary
Introduced
02/02/2026
02/02/2026
In Committee
02/02/2026
02/02/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Illinois Income Tax Act. Repeals provisions concerning an addition modification related to the business interest deduction taken under specified provisions of the Internal Revenue Code. Effective immediately.
AI Summary
This bill amends the Illinois Income Tax Act to repeal provisions that require an "addition modification" for the business interest deduction taken under specific sections of the Internal Revenue Code, which is a change to how certain business expenses are treated for Illinois income tax purposes.
Sponsors (1)
Last Action
Referred to Assignments (on 02/02/2026)
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