Comments: IL SB1115 | 2019-2020 | 101st General Assembly

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 16-0)

Status: (Introduced) 2019-05-30 - Added as Co-Sponsor Sen. Patricia Van Pelt [SB1115 Detail]

Text: Latest bill text (Introduced) [HTML]

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