91st General Assembly
Summary of SB1563
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Senate Sponsors:
PETERSON.

Short description: 
INC TX-SALES FACTOR EQUATION                                               

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act concerning  the  apportionment      
   of  business  income  for  persons  other than residents.  Deletes the      
   component of the sales factor providing that certain property  shipped      
   from  this  State to the U.S. government or to a person not taxable in      
   the state of the purchaser is a sale of tangible personal property  in      
   this State.  Effective immediately.                                         
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status