INC TX-WATER'S EDGE
Summary
Amends the Illinois Income Tax Act. Provides for a water's edge apportionment election for certain members of a unitary business group. Provides that, with respect to foreign corporations that make a water's edge election, the deduction for dividends is limited to 75%.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2019
Last action May 21, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
48
Key actions
2
Committee
7
Amendments
1
Mar 29, 2019
Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
lower
Mar 29, 2019
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 26, 2019
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Mar 25, 2019
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 25, 2019
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Gregory Harris
lower
Feb 28, 2019
Lower · Passed
To Income Tax Subcommittee
lower
Feb 19, 2019
Committee
Assigned to Revenue & Finance Committee
lower
Feb 5, 2019
Committee
Referred to Rules Committee
lower
0 primary · 33 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 2085
Scope: IL
Hi! I can help you understand HB 2085. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline