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SB 3799

Illinois - Session 104

Senate in_committee 2026-02-24
Bill Details

Title: INC TX-ENTITY BASE

Summary

Amends the Illinois Income Tax Act. In provisions concerning the entity-level tax, provides that a partnership making an entity-level tax election may elect to determine its tax base using a full distributive share method or an Illinois-sourced income method. Effective immediately.

Sponsor
Celina Villanueva
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-02-06 Introduced Bill introduced
2026-02-24 Status in_committee
2026-02-24 Latest Action 2/24/2026 - Senate:
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