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Neutral Bill Mar 16, 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.

https://legiscan.com/IL/bill/HB5191/2025
Margaret Croke State Representative
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