In CommitteeFiled Feb 5, 2026
Sponsor: Margaret Croke
Latest Action
Rule 19(a) / Re-referred to Rules Committee
Mar 27, 2026
Summary
The bill amends the Illinois Income Tax Act to give partnerships that have made an entity‑level tax election a choice of calculation method. They may use either a full distributive‑share approach or an Illinois‑sourced income approach to determine their tax base. This provides flexibility in how partnership income is measured for state tax purposes.
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