Rule 3-9(a) / Re-referred to Assignments
Summary
The bill amends the Illinois Income Tax Act so that partnerships electing the entity‑level tax can determine their taxable base using one of two methods: a full distributive share of all partnership income, or only the income sourced to Illinois. It also changes a date reference, moving the applicable period to end on December 31, 2026. The changes take effect immediately.
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