SB 2126

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Inc Tx-Combined Reporting

Abstract

Amends the Illinois Income Tax Act. Provides that all the corporations, wherever incorporated or domiciled, that are members of a unitary business shall file a combined return as a combined group. Makes changes to the definition of "unitary business". Contains provisions concerning a water's edge election. Provides that, with respect to unitary business groups, "United States" means the 50 states of the United States, the District of Columbia, and United States' territories and possessions.

Bill Sponsors (5)

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Jan 10, 2023

Senate

Session Sine Die

May 19, 2021

Senate

Added as Co-Sponsor Sen. Robert F. Martwick

May 17, 2021

Senate

Added as Co-Sponsor Sen. Omar Aquino

May 07, 2021

Senate

Added as Co-Sponsor Sen. Ram Villivalam

Apr 21, 2021

Senate

Added as Co-Sponsor Sen. Mike Simmons

Feb 26, 2021

Senate

Filed with Secretary by Sen. Robert Peters

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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Introduced HTML PDF

Related Documents

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Sources

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