Illinois General Assembly - Bill Status for HB3124
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 Bill Status of HB3124  103rd General Assembly


Short Description:  INC TX-ILLINOIS SOURCES

House Sponsors
Rep. Anthony DeLuca

Last Action
DateChamber Action
  2/17/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude (i) the portion of the income or loss received from a trade or business conducted within and without Illinois and that is not derived from or connected with Illinois sources and (ii) the portion of the income or loss received from a pass-through entity conducting business within and without Illinois that is not derived from or connected with Illinois sources. Effective immediately.

Actions 
DateChamber Action
  2/16/2023HouseFiled with the Clerk by Rep. Anthony DeLuca
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee

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