91st General Assembly
Summary of HB2692
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House Sponsors:

Short description: 
INC TX-BUSINESS APPORTIONMENT                                              

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act concerning persons other  than      
   residents  who  derive business income from this State and one or more      
   other  states.   Provides  that  these  persons  shall  compute  their      
   apportionment factor by weighting their property, payroll,  and  sales      
   factors  for the tax year ending on December 31, 1998 (instead  of for      
   tax years ending or or after December  31,  1998).    Thereafter,  the      
   apportionment   factor   is  equal  to  the  sales  factor.  Effective      
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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