Pritzker enacts bills, including measure decoupling IL from federal tax code

(The Center Square) – Gov. J.B. Pritzker’s office announced more than a dozen bills were enacted Friday.

Aside from the medical aid in dying bill, Pritzker’s office announced he had signed 14 bills ranging from the Public Official Safety and Privacy Act that establishes protections for the personal information of public officials to changes to the Illinois Liquor Control Act of 1934 establishing a Class 3 Craft Distiller License and Special Showcase Permit.

One measure approved that takes effect immediately is Senate Bill 1911, which decouples the state tax code from federal code.

“Decouples from federal bonus depreciation for newly constructed non-residential real property, replaces the Global Intangible Low Tax Income tax with Net Controlled foreign Corporation Tested Income, extends the excess business loss deduction for trusts, extends the State and Local Tax Deduction, amends the Film Production Services Tax Credit Act, creates the Statewide Innovation Development and Economy Act, and includes a one-time transfer from the General Revenue Fund to the Audit Expense Fund,” a synopsis of the bill from the governor’s office said.

Republicans warned SB 1911 would make the state less competitive.

- Advertisement -

House Bill 1607 establishes the Task Force on Eliminating Food Deserts within the Illinois Department of Public Health.

As part of the bills Pritzker’s office announced action on was certification of the amendatory veto to House Bill 2568. With the changes the governor made, the measure accepted by the legislature creates the Equality for Every Family Act. Pritzker’s office said the measure “makes a series of changes to Illinois law to provide more inclusive parentage terminology and clarify the Act’s applicability to all family types.”

The entire list of measure acted on Friday can be found in the governor’s news release.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Trump says Europe will face tariffs until Denmark gives up Greenland

President Donald Trump said Saturday that he will impose...

Spanberger signs 10 executive orders on first day in office

(The Center Square) – Gov. Abigail Spanberger signed 10...

EU threatens to blow up trade deal over Trump’s plans for Greenland

A top European official said President Donald Trump's comments...

Illinois Quick Hits: State spends $87M on ISU fine arts project

(The Center Square) – Illinois Gov. J.B. Pritzker joined...

Spanberger sworn in as Virginia’s first woman governor

(The Center Square) – Abigail Spanberger was sworn in...

Q1 border crossings plummet 95% from Biden era, lowest in history

The lowest number of illegal border crossings were reported...

More companies expanding operations in Texas, receive millions in taxpayer money

(The Center Square) – More companies are expanding operations...

011926 CLEAN SLATE (copy)

Pritzker signs Clean Slate Act to automatically seal some...

More like this
Related

Trump says Europe will face tariffs until Denmark gives up Greenland

President Donald Trump said Saturday that he will impose...

Spanberger signs 10 executive orders on first day in office

(The Center Square) – Gov. Abigail Spanberger signed 10...

EU threatens to blow up trade deal over Trump’s plans for Greenland

A top European official said President Donald Trump's comments...

Illinois Quick Hits: State spends $87M on ISU fine arts project

(The Center Square) – Illinois Gov. J.B. Pritzker joined...