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

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

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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