Illinois Senate Bill 1715: INC TX-BASIS ADJUSTMENT

Illinois · 104th session

What it does

Amends the Illinois Income Tax Act. Creates a deduction for any amount included in gross income as a result of a basis adjustment to investment credit property under the Internal Revenue Code. Effective immediately.

Latest action

Referred to Assignments (2025-02-05)

See how SB 1715 affects you on CapitolKey

Browse more bills · CapitolKey home