Bill Title: Amends the Illinois Income Tax Act. Creates an addition modification for amounts allowed as a deduction for foreign-derived intangible income under Section 250(a)(1)(A) of the Internal Revenue Code. Creates a deduction for the amount of excess business loss of the taxpayer disallowed as a deduction by Section 461(a)(1)(B) of the Internal Revenue Code.

Spectrum: Bipartisan Bill

Status: (Failed) 2019-01-09 - Session Sine Die [SB3152 Detail]

Text: Latest bill text (Engrossed) [HTML]

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