CURRIE. 35 ILCS 120/1g from Ch. 120, par. 440g Amends the Retailers' Occupation Tax Act by adding a Section caption to the Section concerning exemption identification numbers. HOUSE AMENDMENT NO. 1. Deletes reference to: 35 ILCS 120/1g Adds reference to: 35 ILCS 5/304 from Ch. 120, par. 3-304 35 ILCS 5/804 from Ch. 120, par. 8-804 35 ILCS 5/1501 from Ch. 120, par. 15-1501 Deletes everything. Amends the Illinois Income Tax Act. Provides that for tax years ending on or after December 31, 1998, persons other than residents who derive business income from this State and one or more other states shall apportion their business income using a single factor sales formula. Provides that this sales factor shall be a fraction, the numerator of which is the total sales of the person in this State during the taxable year, and the denominator of which is the total sales of the person everywhere during the taxable year. Provides that no penalty shall be imposed for failure to pay the estimated tax due before the effective date of this amendatory Act if the underpayments are solely attributable to the change in the apportionment of income. In the definition of "unitary business group", provides that if the members' accounting periods differ, the common parent's accounting period, or if there is no common parent, the accounting period of the member that is expected to have, on a recurring basis, the greatest Illinois income tax liability must be used to determine which apportionment method to use. Provides that the provisions of this amendatory Act apply to tax years ending on or after December 31, 1998. Effective immediately. 98-02-17 H FILED WITH CLERK 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-02-25 H ASSIGNED TO COMMITTEE REVENUE 98-03-20 H AMENDMENT NO. 01-REVENUE H 98-03-20 H ADOPTED 006-005-000 98-03-20 H REMAINS IN COMMITTEE REVENUE 98-03-20 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary