Executive Director
Tax Institute

(217) 522-5512 ext. 231
Key Legislation

All Key Chamber Legislation

Upcoming Events

February 15
Deadline for introduction of House and Senate bills

February 20
Governor's budget address

March 15
Illinois Chamber of Commerce  Second Annual Women in Business Conference at Pinstripes in Oak Brook, IL.    
The event will bring together business leaders from across the State to encourage women to invest in themselves, become courageous leaders, and be a force in their careers. Conference information and registration is available at this link.

March 20:  Chamber Day

February 5, 2019
Special Legislative Alert

Illinois General Assembly
Two bills were introduced today - one in the House and one in the Senate - that appear to have the effect of making world-wide combination, for purposes of apportioning the income of a unitary business group, the default position in Illinois.

The bills amend IITA Section 304 to authorize a water's edge election.  The water's edge election would also include the entire income and apportionment factors of any member of a unitary business group doing business in a so-called tax haven.  The bills contains a list of tax havens.

To move towards world-wide combination as the default position, the definition of unitary business group in IITA Section 1501 is modified and includes a repeal the 80-20 rule.  

The legislation also provides that the foreign dividend deduction in the case of a water's edge election is limited to 75%

The bills are SB 1115 (Steans) and  HB 2085 (Harris).

The bills were introduced this afternoon, so I haven't had an opportunity to discuss the bills with the sponsors. However, I am taking these proposals seriously because of who is sponsoring the legislation.  Representative Greg Harris is the House Majority Leader and Senator Heather Steans is the Chairperson of the Appropriations I committee.

Your thoughts and comments as to the impact of this legislation will be helpful and greatly appreciated as we gear up to fight this legislation.  Please contact me at your convenience either by my cell phone (217) 741-1384 or email

I will update you as a receive more information.

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