REVENUE-VARIOUS Senate SponsorsSen. John F. Curran-Jason Plummer, Dave Syverson, Win Stoller, Andrew S. Chesney, Craig Wilcox, Sally J. Turner and Neil Anderson 1/7/2025SenateSession Sine Die 35 ILCS 5/207from Ch. 120, par. 2-207805 ILCS 5/15.35from Ch. 32, par. 15.35805 ILCS 5/15.65from Ch. 32, par. 15.65Amends 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. 2/9/2023SenateFiled with Secretary by Sen. John F. Curran 2/9/2023SenateFirst Reading 2/9/2023SenateReferred to Assignments 2/21/2023SenateAssigned to Revenue 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 3/28/2023SenateAdded as Chief Co-Sponsor Sen. Jason Plummer 3/28/2023SenateAdded as Co-Sponsor Sen. Dave Syverson 3/29/2023SenateAdded as Co-Sponsor Sen. Win Stoller 3/30/2023SenateAdded as Co-Sponsor Sen. Andrew S. Chesney 4/17/2023SenateAdded as Co-Sponsor Sen. Craig Wilcox 7/18/2023SenateAdded as Co-Sponsor Sen. Sally J. Turner 1/10/2024SenateRe-assigned to Revenue 1/26/2024SenateAdded as Co-Sponsor Sen. Neil Anderson 3/15/2024SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die