Bill Status of SB3456  98th General Assembly


Short Description:  INC TX-NET OPERATING LOSS

Senate Sponsors
Sen. Brian W. Stewart and Chapin Rose

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/207from Ch. 120, par. 2-207


Synopsis As Introduced
Amends the Illinois Income Tax Act. Removes a provision for taxable years ending on or after December 31, 2021 and prior to December 31, 2024 limiting the net loss carryover deduction to $100,000. Effective immediately.

Actions 
DateChamber Action
  1/18/2022SenateFiled with Secretary by Sen. Brian W. Stewart
  1/18/2022SenateFirst Reading
  1/18/2022SenateReferred to Assignments
  2/16/2022SenateAdded as Co-Sponsor Sen. Chapin Rose
  1/10/2023SenateSession Sine Die