INC TX-ENTITY BASE

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

13 steps, oldest first, as the legislature records them.

1. Apr 23, 2026SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Celina Villanueva
2. Apr 23, 2026CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
3. Apr 24, 2026SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
4. Apr 28, 2026CommitteeSenate Committee Amendment No. 1 Assignments Refers to Revenue · Senate Assignments
5. May 1, 2026SenateAdded as Co-Sponsor Sen. Chris Balkema
6. May 15, 2026SenateRule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
7. May 22, 2026CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
8. May 22, 2026CommitteeSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments · Senate Assignments

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Republican.

• Celina VillanuevaD Primary sponsor · District 12