IllinoisHB5318104th General Assembly (2025–2026)House

INC TAX-COMBINED REPORTING

Sponsored By: Maurice A. West, II

In Committee

Summary

Amends the Illinois Income Tax Act. Provides that provisions of the Act that provide that a taxpayer's unitary business group does not include members whose business activity outside the United States is 80% or more of the member's total business activity apply only for taxable years ending before January 1, 2027. Makes corresponding changes to deductions and addition modifications concerning those members of the unitary business group. Provides that, with respect to the term "foreign person", "United States" means the 50 states of the United States, the District of Columbia, the territories and possessions of the United States, and any area over which the United States has asserted jurisdiction or claimed exclusive rights with respect to the exploration for or exploitation of natural resources. Adds provisions concerning joint and several liability of members of a combined reporting group. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Maurice A. West, II

    Affiliation unavailable

Cosponsors

  • Ann M. Williams

    Affiliation unavailable

  • Dagmara Avelar

    Affiliation unavailable

  • Joyce Mason

    Affiliation unavailable

  • La Shawn K. Ford

    Affiliation unavailable

  • Lisa Davis

    Affiliation unavailable

  • Rita Mayfield

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. La Shawn K. Ford

    5/25/2026House
  2. Added Co-Sponsor Rep. Rita Mayfield

    5/13/2026House
  3. Added Co-Sponsor Rep. Lisa Davis

    4/15/2026House
  4. Added Co-Sponsor Rep. Dagmara Avelar

    4/10/2026House
  5. Added Co-Sponsor Rep. Ann M. Williams

    4/1/2026House
  6. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  7. Assigned to Revenue & Finance Committee

    3/4/2026House
  8. Added Co-Sponsor Rep. Joyce Mason

    2/25/2026House
  9. Referred to Rules Committee

    2/10/2026House
  10. First Reading

    2/10/2026House
  11. Filed with the Clerk by Rep. Maurice A. West, II

    2/5/2026House

Bill Text

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