Bill Title: 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.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2021-05-19 - Added as Co-Sponsor Sen. Robert F. Martwick [SB2126 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2021-02-26	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2126

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2126 currently on file.

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