Bill Title: Amends the Illinois Income Tax Act. In a Section concerning apportionment of business income, provides that, if the apportionment provisions do not fairly represent the market for the person's goods, services, or other sources of business income (instead of "the extent of a person's business activity in this State"), a person may petition for, or the Director may permit or require, the following: (1) separate accounting; (2) the exclusion of any one or more factors; (3) the inclusion of one or more additional factors; or (4) the employment of any other method to effectuate an equitable allocation and apportionment of the person's business income. Makes changes concerning gains or losses included in the net income of a nonresident partners and shareholders. Makes changes concerning unitary business groups. Makes other changes.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2013-08-16 - Public Act . . . . . . . . . 98-0478 [HB3157 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2013-08-19	HTML/Text	Link	View
Enrolled	2013-05-29	HTML/Text	Link	View
Amended	2013-05-07	HTML/Text	Link	View
Engrossed	2013-04-08	HTML/Text	Link	View
Amended	2013-03-19	HTML/Text	Link	View
Introduced	2013-02-26	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3157

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3157 currently on file.

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