Bill Status of HB5191

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HB5191 - 104th General Assembly

INC TX-ENTITY BASE
Last Action
2/26/2026 - House: To Income Tax Subcommittee
House Sponsors
Rep. Margaret Croke
Statutes Amended In Order of Appearance
35 ILCS 5/201
Synopsis As Introduced
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.
Actions
Date Chamber Action
2/05/2026 House Filed with the Clerk by Rep. Margaret Croke
2/10/2026 House First Reading
2/10/2026 House Referred to Rules Committee
2/24/2026 House Assigned to Revenue & Finance Committee
2/26/2026 House To Income Tax Subcommittee