92nd General Assembly
Summary of HB4901
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House Sponsors:
MCKEON.

Short description: 
INC TAX-APPORTIONMENT FACTOR                                               

Synopsis of Bill as introduced:
        Amends  the  Illinois  Income  Tax  Act.  With  respect  to   the      
   apportionment  of  business  income  for persons other than residents,      
   provides that for tax years ending on or after December 31,  2002  and      
   before  December  31,  2007  the income shall be apportioned using the      
   property factor, payroll factor, and sales factor. Provides  that  for      
   tax years ending on or after December 31, 2007, the income shall again      
   be apportioned using the sales factor only. Effective immediately.          
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status