Bill Title: 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%.

Spectrum: Partisan Bill (Democrat 37-0)

Status: (Introduced - Dead) 2020-05-21 - Added Co-Sponsor Rep. Jonathan "Yoni" Pizer [HB2085 Detail]

Text: Latest bill text (Introduced) [HTML]

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