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SB 3121

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: February 2, 2026.

INC TX-GILTI AND SAFE HARBOR.

Bill ID IL-104-SB-3121
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2026-02-02
Business / Commerce Tax / Budget / Appropriations
Summary

Amends the Illinois Income Tax Act. Repeals provisions concerning an addition modification related to the business interest deduction taken under specified provisions of the Internal Revenue Code. Effective immediately.

Sponsor
Chris Balkema
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-02 Introduced Bill introduced
2026-02-02 Status in_committee
2026-02-02 Latest Action 2/02/2026 - Senate:
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