Bill Title: Amends the Illinois Income Tax Act. Makes changes in provisions concerning (i) an addition modification for interest paid, accrued, or incurred to a person who would be a member of the taxpayer's unitary business group but for the fact that the person is ordinarily required to apportion business income under different provisions of the Act and (ii) an addition modification for intangible expenses and costs otherwise allowed as a deduction in computing the taxpayer's base income that were paid, accrued, or incurred to a person who would be a member of the taxpayer's unitary business group but for the fact that the person is ordinarily required to apportion business income under different provisions of the Act. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced) 2025-06-02 - Rule 3-9(a) / Re-referred to Assignments [SB1956 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2025-02-06	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1956

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1956 currently on file.