Bill
SB 3848
The bill changes Illinois' insurance deduction on state income tax, altering eligibility, calculation, or limits for what insured expenses taxpayers may deduct.
SB 3848 (Illinois, 104th General Assembly)
Title: INC TX-INSURANCE DEDUCTION
Overview
SB 3848 is an Illinois bill introduced by Senator John F. Curran with multiple co-sponsors. The text is not fully displayed here, but the bill is categorized under “INC TX-INSURANCE DEDUCTION” and has been assigned to the Revenue Committee. The action history indicates early-stage legislative activity in 2026, with multiple senators joining as co-sponsors and deadlines set for committee and floor actions.
Main purpose and intent
- The bill appears to address a specific deduction related to insurance within the Illinois tax code. Based on the title, it likely proposes changes to how certain insurance-related deductions are treated for individual or corporate income tax purposes, potentially modifying eligibility, calculation, or limitations of an insurance deduction.
- The intent is to adjust the tax treatment of insurance costs, either expanding, restricting, or reconfiguring the deduction to align with revenue goals or policy priorities.
Key provisions and changes (as inferred from bill title and typical tax deduction reform patterns)
- Define or redefine the eligibility criteria for the insurance deduction.
- Amend the calculation method for the deduction (e.g., percentage of premium costs, cap amounts, or floor/ceiling adjustments).
- Specify who can claim the deduction (individual taxpayers, business entities, or certain qualifying organizations).
- Introduce or modify documentation, reporting, or compliance requirements to substantiate the deduction.
- Potential interaction with other tax provisions (e.g., phase-ins, phase-outs, or limits that interact with federal tax treatment).
- Effective date and transition rules for existing deductions, if applicable.
Who would be affected
- Taxpayers who currently claim the insurance deduction on Illinois income tax returns.
- Businesses and organizations that incur insurance-related expenses and might be affected by revised deduction rules.
- Tax preparers and accountants responsible for calculating and validating the deduction on state returns.
- Illinois Department of Revenue, which would administer the new rules and require updated guidance and forms.
Procedural and timeline aspects
- First Reading and Referred to Assignments: February 6, 2026.
- Assigned to Revenue Committee: February 24, 2026.
- Co-sponsors added: March 5–10, 2026 (several senators joined).
- Rule 2-10 deadlines established for committee and third reading: April 24, 2026 (committee deadline) and May 15, 2026 (third-reading deadline).
- The full text is lengthy; the bill’s substantive provisions will be detailed in the committee and engrossed/enrolled versions released through the Illinois General Assembly’s portals (PDF or online text).
Notes for readers
- As the full text is not displayed here, the above reflects the bill’s framework based on the title and typical legislative structure for tax deduction amendments.
- To understand the exact dollar amounts, percentage limits, eligibility, and effective dates, refer to the enrolled bill text or the fiscal impact/summary released by the Revenue Committee or the Legislative Information System.
If you’d like, I can extract and summarize the specific sections from the enrolled PDF once you provide access to the full bill text.
Compiled from official sources — confirm details with the bill’s official record.
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