Bill Texts: 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]

Bill Drafts

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Introduced2019-02-05HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois SB1115

Supplemental Documents

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No supplemental documents for Illinois SB1115 currently on file.

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