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Kilpatrick

The Illinois Franchise Tax: A Four-Part Series

Kilpatrick on

This four-part series of articles is intended to provide a deep dive into the Illinois State Franchise Tax (the “Franchise Tax”) and should be read sequentially to be best understood....more

McGuireWoods Consulting

Corporate Tax Changes In Illinois FY 2026 Budget Package

McGuireWoods Consulting on

The 2025 regular session of the Illinois General Assembly adjourned on June 1, 2025. The General Assembly passed a fiscal year (FY) 2026 budget package which includes corporate tax changes that will significantly impact...more

Franczek P.C.

Illinois Dept. of Revenue Releases Final 2021 Cook County Equalization Factor

Franczek P.C. on

On Tuesday, the Illinois Department of Revenue released the final 2021 Cook County equalization factor.  The factor (sometimes referred to as the multiplier) for 2021 is 3.0027.  The tentative factor released in June was...more

Akerman LLP - SALT Insights

Illinois DOR Proposes to Change Income Tax Liability for Businesses that Make Sales to Foreign Countries

Akerman LLP - SALT Insights on

The Illinois Department of Revenue (“IDOR” or “Department”) recently issued a Notice of Proposed Amendment to amend its Regulation (86 Ill. Admin. Code § 100.3200) governing the “throwback” and “throwout” apportionment...more

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