Illinois · House Bill 3205 · 103rd General Assembly

REVENUE-VARIOUS

HB 3205 Sponsored by Tony M. McCombie Died in committee

  1. Introduced Feb 16, 2023
  2. In committee Feb 17, 2023
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Income Tax Act. Makes changes concerning the federal depreciation deduction and net operating losses to restore provisions that were in effect prior to Public Act 102-16. Amends the Business Corporation Act of 1983. Provides that no franchise tax shall be imposed on foreign or domestic corporations on or after January 1, 2024 and repeals those provisions on January 1, 2025. Effective immediately.

Every action

6 steps, oldest first, as the legislature records them.

  1. HouseFiled with the Clerk by Rep. Tony M. McCombie
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. HouseAdded Co-Sponsor Rep. Jeff Keicher
  5. HouseAdded Co-Sponsor Rep. Tom Weber
  6. HouseSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 2 cosponsors: 2 Republicans.

All 2 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.