IllinoisSB3121104th General Assembly (2025–2026)Senate

INC TX-GILTI AND SAFE HARBOR

Sponsored By: Chris Balkema (Republican)

In Committee

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Chris Balkema

    Republican • Senate

Cosponsors

  • Neil Anderson

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Neil Anderson

    3/24/2026Senate
  2. Referred to Assignments

    2/2/2026Senate
  3. First Reading

    2/2/2026Senate
  4. Filed with Secretary by Sen. Chris Balkema

    2/2/2026Senate

Bill Text

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