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 30, 2019
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
21
Key actions
0
Committee
3
Mar 22, 2019
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Feb 6, 2019
Committee
Assigned to Revenue
upper
Feb 5, 2019
Committee
Referred to Assignments
upper
0 primary · 16 co-sponsors
Sponsors
No sponsor information available.
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