HB4937 - 104th General Assembly (2025-2026)

INC TX-GILTI AND SAFE HARBOR
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Amy Elik
Statutes Amended In Order of Appearance
35 ILCS 5/203  from Ch. 120, par. 2-203
Synopsis As Introduced
Amends the Illinois Income Tax Act. Repeals provisions concerning an addition modification related to the business interest deduction taken under specified provisions of the Internal Revenue Code. Effective immediately.
Actions
DateChamberAction
2/04/2026HouseFiled with the Clerk by Rep. Amy Elik
2/06/2026HouseFirst Reading
2/06/2026HouseReferred to Rules Committee
3/12/2026HouseAssigned to Revenue & Finance Committee
3/27/2026HouseRule 19(a) / Re-referred to Rules Committee