Ill. Admin. Code tit. 86 § 100.5150
Current through Register Vol. 48, No. 49, December 6, 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.
Ill. Admin. Code tit. 86, § 100.5150
Amended at 34 Ill. Reg. 550, effective December 22, 2009