INC TX-WATER'S EDGE Senate SponsorsSen. Heather A. Steans, Mattie Hunter-Toi W. Hutchinson-Robert Peters-Ram Villivalam, David Koehler, Emil Jones, III, Don Harmon, John J. Cullerton-Melinda Bush, Elgie R. Sims, Jr., Jacqueline Y. Collins, Cristina Castro, Laura Fine, Christopher Belt and Patricia Van Pelt 1/13/2021SenateSession Sine Die 35 ILCS 5/203from Ch. 120, par. 2-20335 ILCS 5/304from Ch. 120, par. 3-30435 ILCS 5/1501from Ch. 120, par. 15-1501Amends the Illinois Income Tax Act. Provides for a water's edge apportionment election for certain members of a unitary business group. Provides that, with respect to foreign corporations that make a water's edge election, the deduction for dividends is limited to 75%. 2/5/2019SenateFiled with Secretary by Sen. Heather A. Steans 2/5/2019SenateFirst Reading 2/5/2019SenateReferred to Assignments 2/6/2019SenateAssigned to Revenue 2/6/2019SenateAdded as Co-Sponsor Sen. Mattie Hunter 2/7/2019SenateAdded as Chief Co-Sponsor Sen. Toi W. Hutchinson 2/13/2019SenateAdded as Chief Co-Sponsor Sen. Robert Peters 2/19/2019SenateAdded as Chief Co-Sponsor Sen. Ram Villivalam 3/13/2019SenateAdded as Co-Sponsor Sen. David Koehler 3/20/2019SenateAdded as Co-Sponsor Sen. Emil Jones, III 3/20/2019SenatePostponed - Revenue 3/21/2019SenateAdded as Co-Sponsor Sen. Don Harmon 3/22/2019SenateAdded as Co-Sponsor Sen. John J. Cullerton 3/22/2019SenateRule 3-9(a) / Re-referred to Assignments 3/26/2019SenateAdded as Chief Co-Sponsor Sen. Melinda Bush 3/26/2019SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr. 3/27/2019SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins 4/9/2019SenateAdded as Co-Sponsor Sen. Cristina Castro 4/24/2019SenateAdded as Co-Sponsor Sen. Laura Fine 5/29/2019SenateAdded as Co-Sponsor Sen. Christopher Belt 5/30/2019SenateAdded as Co-Sponsor Sen. Patricia Van Pelt 1/13/2021SenateSession Sine Die