INC TX-COMBINED REPORTING Senate SponsorsSen. Robert Peters, Mike Simmons, Ram Villivalam, Omar Aquino and Robert F. Martwick 1/10/2023SenateSession Sine Die 35 ILCS 5/304from Ch. 120, par. 3-30435 ILCS 5/304.1 new35 ILCS 5/1501from Ch. 120, par. 15-1501Amends 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. 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