Illinois Financial Organization Apportionment Rules Resolve Some, But Miss Other, Significant Questions

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

Illinois recently issued final regulations under its newly revised apportionment regime for banks and other financial organizations. In this article, George J. Barry, of Deloitte Tax LLP, analyzes the regulations and identifies significant apportionment issues that were open in the statute and that are still not resolved in the regulations.

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