Illinois House Bill 3124: RESHORE OUR SUPPLY CHAINS

Illinois · 104th session

What it does

Amends the Illinois Income Tax Act. Provides that the amendatory Act may be referred to as the Reshore Our Supply Chains Tax Reform Act. In specified provisions concerning base income, provides that a taxpayer may claim a depreciation deduction for federal income tax purposes.

Latest action

Rule 19(a) / Re-referred to Rules Committee (2025-03-21)

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