Date	Chamber	Action
2/18/2025	House	Referred to Rules Committee

Statutes Amended In Order of Appearance

35 ILCS 5/207

from Ch. 120, par. 2-207

Synopsis As Introduced
Amends the Illinois Income Tax Act. Removes a provision providing that no carryover deduction shall exceed $500,000 for any taxable year ending on or after December 31, 2024 and prior to December 31, 2027. Provides that the limitation is inapplicable for all tax years ending on or after December 31, 2024. Effective immediately.

Actions 

Date	Chamber	Action
2/7/2025	House	Filed with the Clerk by Rep. Travis Weaver
2/18/2025	House	First Reading
2/18/2025	House	Referred to Rules Committee

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