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: (Failed) 2021-01-13 - Session Sine Die [SB1115 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 16-0)
Status: (Failed) 2021-01-13 - Session Sine Die [SB1115 Detail]
Text: Latest bill text (Introduced) [HTML]
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