Bill Status of SB1715

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SB1715 - 104th General Assembly

INC TX-BASIS ADJUSTMENT
Last Action
2/05/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Michael E. Hastings
Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction for any amount included in gross income as a result of a basis adjustment to investment credit property under the Internal Revenue Code. Effective immediately.
Actions
Date Chamber Action
2/05/2025 Senate Filed with Secretary by Sen. Michael E. Hastings
2/05/2025 Senate First Reading
2/05/2025 Senate Referred to Assignments