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Illinois ~ Corporate, Personal Income Taxes: Amendments to Sales Factor, Alternative Apportionment Regulations Proposed

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CCH Tax Day Report The Illinois Department of Revenue is seeking comments on proposed amendments to regulations on the apportionment of business income to Illinois by nonresident corporations, partnerships, and individuals. The proposed amendments reflect current law on the determination of the sales factor using market-based sourcing rules, including the sourcing of receipts from the […]

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