IL SB1115 | 2019-2020 | 101st General Assembly


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]


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

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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