SB3121 - 104th General Assembly (2025-2026)

INC TX-GILTI AND SAFE HARBOR
Last Action
2/02/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. Chris Balkema
Statutes Amended In Order of Appearance
35 ILCS 5/203  from Ch. 120, par. 2-203
Synopsis As Introduced
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.
Actions
DateChamberAction
2/02/2026SenateFiled with Secretary by Sen. Chris Balkema
2/02/2026SenateFirst Reading
2/02/2026SenateReferred to Assignments