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