IL SB1115 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on February 5 2019 - 25% progression
Action: 2019-05-30 - Added as Co-Sponsor Sen. Patricia Van Pelt
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides for a water's edge apportionment election for certain members of a unitary business group. Provides that, with respect to foreign corporations that make a water's edge election, the deduction for dividends is limited to 75%.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

INC TX-WATER'S EDGE

Sponsors


History

DateChamberAction
2019-05-30SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
2019-05-29SenateAdded as Co-Sponsor Sen. Christopher Belt
2019-04-24SenateAdded as Co-Sponsor Sen. Laura Fine
2019-04-09SenateAdded as Co-Sponsor Sen. Cristina Castro
2019-03-27SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins
2019-03-26SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
2019-03-26SenateAdded as Chief Co-Sponsor Sen. Melinda Bush
2019-03-22SenateRule 3-9(a) / Re-referred to Assignments
2019-03-22SenateAdded as Co-Sponsor Sen. John J. Cullerton
2019-03-21SenateAdded as Co-Sponsor Sen. Don Harmon
2019-03-20SenatePostponed - Revenue
2019-03-20SenateAdded as Co-Sponsor Sen. Emil Jones, III
2019-03-13SenateAdded as Co-Sponsor Sen. David Koehler
2019-02-19SenateAdded as Chief Co-Sponsor Sen. Ram Villivalam
2019-02-13SenateAdded as Chief Co-Sponsor Sen. Robert Peters
2019-02-07SenateAdded as Chief Co-Sponsor Sen. Toi W. Hutchinson
2019-02-06SenateAdded as Co-Sponsor Sen. Mattie Hunter
2019-02-06SenateAssigned to Revenue
2019-02-05SenateReferred to Assignments
2019-02-05SenateFirst Reading
2019-02-05SenateFiled with Secretary by Sen. Heather A. Steans

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3551501Amended CodeCitation Text
355203Amended CodeCitation Text
355304Amended CodeCitation Text

Illinois State Sources


Bill Comments

feedback