IllinoisHB5191104th General Assembly (2025–2026)House

INC TX-ENTITY BASE

Sponsored By: Margaret Croke (Democratic)

In Committee

Summary

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.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Margaret Croke

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  2. To Income Tax Subcommittee

    2/26/2026House
  3. Assigned to Revenue & Finance Committee

    2/24/2026House
  4. Referred to Rules Committee

    2/10/2026House
  5. First Reading

    2/10/2026House
  6. Filed with the Clerk by Rep. Margaret Croke

    2/5/2026House

Bill Text

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