In CommitteeFiled Feb 6, 2026
Sponsor: Sally J. Turner
Latest Action
Referred to Assignments
Feb 6, 2026
Summary
The bill amends the Illinois Income Tax Act to delete the provision that required taxpayers to add back the bonus depreciation deduction they claimed on their federal return. It affects individual filers who have used the federal bonus depreciation incentive, potentially lowering their Illinois taxable income. The change takes effect immediately.
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