Bill Status of SB2126  103rd General Assembly


Senate Sponsors
Sen. Robert Peters, Mike Simmons, Ram Villivalam, Omar Aquino and Robert F. Martwick

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/304from Ch. 120, par. 3-304
35 ILCS 5/304.1 new
35 ILCS 5/1501from Ch. 120, par. 15-1501

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that all the corporations, wherever incorporated or domiciled, that are members of a unitary business shall file a combined return as a combined group. Makes changes to the definition of "unitary business". Contains provisions concerning a water's edge election. Provides that, with respect to unitary business groups, "United States" means the 50 states of the United States, the District of Columbia, and United States' territories and possessions.

DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Robert Peters
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  4/21/2021SenateAdded as Co-Sponsor Sen. Mike Simmons
  5/7/2021SenateAdded as Co-Sponsor Sen. Ram Villivalam
  5/17/2021SenateAdded as Co-Sponsor Sen. Omar Aquino
  5/19/2021SenateAdded as Co-Sponsor Sen. Robert F. Martwick
  1/10/2023SenateSession Sine Die