2025-2026 Regular Session • Illinois Legislature
HB3124: RESHORE OUR SUPPLY CHAINS
Legislative Summary
Amends the Illinois Income Tax Act. Provides that the amendatory Act may be referred to as the Reshore Our Supply Chains Tax Reform Act. In specified provisions concerning base income, provides that a taxpayer may claim a depreciation deduction for federal income tax purposes.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
2/6/2025
Filed with the Clerk by Rep. Blaine Wilhour
House of Representatives
2/18/2025
First Reading
House of Representatives
2/18/2025
Referred to Rules Committee
House of Representatives
3/4/2025
Assigned to Revenue & Finance Committee
House of Representatives
3/6/2025
To Tax Policy: Other Taxes Subcommittee
House of Representatives
3/21/2025
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
Status Information
Current Status
Introduced(2/6/2025)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
Sponsors
Republican: 1
Primary Sponsor
Blaine Wilhour
Republican