REVENUE-VARIOUS House SponsorsRep. Tony M. McCombie, Jeff Keicher and Tom Weber 1/7/2025HouseSession 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. 15.65 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 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. 2/16/2023HouseFiled with the Clerk by Rep. Tony M. McCombie 2/17/2023HouseFirst Reading 2/17/2023HouseReferred to Rules Committee 11/16/2023HouseAdded Co-Sponsor Rep. Jeff Keicher 11/21/2023HouseAdded Co-Sponsor Rep. Tom Weber 1/7/2025HouseSession Sine Die