REVENUE-VARIOUS House SponsorsRep. Jim Durkin 1/10/2023HouseSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-20335 ILCS 5/207from Ch. 120, par. 2-20735 ILCS 405/2from Ch. 120, par. 405A-235 ILCS 405/3from Ch. 120, par. 405A-335 ILCS 405/4from Ch. 120, par. 405A-4805 ILCS 5/15.35from Ch. 32, par. 15.35805 ILCS 5/15.65from Ch. 32, par. 15.65 Amends 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 Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date of the amendatory Act or for transfers made on or after the effective date of the amendatory Act. Amends the Business Corporation Act of 1983. Provides that provisions imposing a franchise tax on corporations are repealed on December 31, 2024. Provides that, on or after January 1, 2022 and prior to January 1, 2023, the first $10,000 in liability is exempt from the franchise tax. Provides that, on or after January 1, 2023 and prior to January 1, 2024, the first $100,000 in liability is exempt from the franchise tax. Effective immediately. 1/21/2022HouseFiled with the Clerk by Rep. Jim Durkin 1/27/2022HouseFirst Reading 1/27/2022HouseReferred to Rules Committee 1/10/2023HouseSession Sine Die