Illinois HB 3124: RESHORE OUR SUPPLY CHAINS

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB3124

Introduced 2/18/2025, by Rep. Blaine Wilhour 

SYNOPSIS AS INTRODUCED:

35 ILCS 5/203 from Ch. 120, par. 2-203

 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.

LRB104 10028 HLH 20099 b

A BILL FOR

HB3124LRB104 10028 HLH 20099 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. This Act may be referred to as the Reshore Our 

5Supply Chains Tax Reform Act.

6 Section 5. The Illinois Income Tax Act is amended by 

7changing Section 203 as follows:

8 (35 ILCS 5/203) (from Ch. 120, par. 2-203)

9 Sec. 203. Base income defined. 

10 (a) Individuals.

11 (1) In general. In the case of an individual, base 

12 income means an amount equal to the taxpayer's adjusted 

13 gross income for the taxable year as modified by paragraph 

14 (2).

15 (2) Modifications. The adjusted gross income referred 

16 to in paragraph (1) shall be modified by adding thereto 

17 the sum of the following amounts:

18 (A) An amount equal to all amounts paid or accrued 

19 to the taxpayer as interest or dividends during the 

20 taxable year to the extent excluded from gross income 

21 in the computation of adjusted gross income, except 

22 stock dividends of qualified public utilities 

HB3124- 2 -LRB104 10028 HLH 20099 b

1 described in Section 305(e) of the Internal Revenue 

2 Code;

3 (B) An amount equal to the amount of tax imposed by 

4 this Act to the extent deducted