Bill Title: Amends the Illinois Income Tax Act. Provides that, in the case of an entity that elects entity-level tax treatment under the Act, the term "net income" includes certain distributions to retired partners or shareholders under a retirement or disability plan. Effective immediately.

Sponsorship: Partisan Bill (Republican 1)

Status: (Failed) 2025-01-07 - Session Sine Die [SB0189 Detail]

Text: Latest bill text (Introduced) [HTML]

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