HB5191 - 104th General Assembly (2025-2026)

INC TX-ENTITY BASE
Last Action
2/26/2026 - House: To Income Tax Subcommittee
House Sponsors
Rep. Margaret Croke
Hearings
Revenue & Finance Committee Hearing Mar 19 2026 8:00AM Stratton Building Room D-1 Springfield, IL
Income Tax Subcommittee Hearing Mar 19 2026 8:01AM Stratton Building Room D-1 Springfield, IL
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
DateChamberAction
2/05/2026HouseFiled with the Clerk by Rep. Margaret Croke
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee
2/24/2026HouseAssigned to Revenue & Finance Committee
2/26/2026HouseTo Income Tax Subcommittee