Illinois General Assembly - Bill Status for SB3121
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 Bill Status of SB3121  100th General Assembly

Short Description:  INC TX-SALES FACTOR

Senate Sponsors
Sen. William E. Brady

Last Action
DateChamber Action
  1/9/2019SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/304from Ch. 120, par. 3-304

Synopsis As Introduced
Amends the Illinois Income Tax Act. For the purpose of calculating the sales factor when allocating business income of persons other than residents, removes provisions providing that the sale is in this State if the property is shipped from an office, store, warehouse, factory or other place of storage in this State and the purchaser is not taxable in the State of the purchaser. Removes provisions concerning purchasers who are doing business on a premises owned or leased by a person who has independently contracted with the seller for the printing of newspapers, periodicals or books. Removes provisions providing that sales of tangible personal property are not in this State if the seller and purchaser would be members of the same unitary business group but for the fact that either the seller or purchaser is a person with 80% or more of total business activity outside of the United States and the property is purchased for resale.

DateChamber Action
  2/15/2018SenateFiled with Secretary by Sen. Chris Nybo
  2/15/2018SenateFirst Reading
  2/15/2018SenateReferred to Assignments
  2/27/2018SenateAssigned to Revenue
  4/13/2018SenateRule 3-9(a) / Re-referred to Assignments
  11/15/2018SenateChief Sponsor Changed to Sen. William E. Brady
  1/9/2019SenateSession Sine Die

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