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HB 3124

Illinois - Session 104

House of Representatives in_committee 2025-03-21
Bill Details

Title: RESHORE OUR SUPPLY CHAINS

Summary

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.

Sponsor
Blaine Wilhour
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-18 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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