104th General Assembly
SB 1715
INC Tx-basis adjustment
INC TX-Basis Adjustment
In Committee
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
Amends the Illinois Income Tax Act. Creates a deduction for any amount included in gross income as a result of a basis adjustment to investment credit property under the Internal Revenue Code. Effective immediately.
Sponsors
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Primary sponsor
Michael E. Hastings
SenateIL
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