HB3871 - 104th General Assembly

INC TX-NIL DEDUCTION
Last Action
2/25/2025 - House: Referred to Rules Committee
House Sponsors
Rep. Travis Weaver
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 an income tax deduction in an amount equal to the amount of compensation that is earned during the taxable year by a taxpayer who is a student-athlete from the taxpayer's name, image, and likeness and that is included in the taxpayer's federal adjusted gross income for the taxable year.
Actions
Date Chamber Action
2/19/2025 House Filed with the Clerk by Rep. Travis Weaver
2/25/2025 House First Reading
2/25/2025 House Referred to Rules Committee
5/20/2025 House Motion Filed to Suspend Rule 21 Rules Committee; Rep. Bob Morgan
5/20/2025 House Motion to Suspend Rule 21 - Prevailed 005-000-000