Illinois House Bill 3871: INC TX-NIL DEDUCTION

Illinois · 104th session

What it does

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.

Latest action

Motion to Suspend Rule 21 - Prevailed 005-000-000 (2025-05-20)

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