Illinois Senate bill in Session 104.
Status: in_committee. Latest action: May 22, 2026.
INC TX-ENTITY BASE.
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.
| Date | Event | Detail |
|---|---|---|
| 2026-02-06 | Introduced | Bill introduced |
| 2026-05-22 | Status | in_committee |
| 2026-05-22 | Latest Action | 5/22/2026 - Senate: |