Illinois Administrative Code
Title 86 - REVENUE
Part 100 - INCOME TAX
Subpart P - COMPOSITE RETURNS
Section 100.5150 - Composite Return: Tax, Penalties and Interest
Universal Citation: 86 IL Admin Code ยง 100.5150
Current through Register Vol. 48, No. 12, March 22, 2024
The amount of tax due shall be based on the amount of income properly shown on the return, and, for taxable years ending on or after December 31, 2009, may be reduced by any share of any credit earned under Article 2 of the Illinois Income Tax Code during the taxable year that is passed through to the partners or shareholders joining in the composite return. Penalties and interest shall be determined on a composite basis.
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