HB5615 Summary

• Amends the Illinois Income Tax Act to expand the definition of "transportation company" to include any person primarily engaged in moving freight or passengers by air, land, or water, or moving liquid/gaseous substances by pipeline.

• Includes within transportation company income all business income derived from these core movement activities plus incidental services such as in-transit food/beverage sales, baggage handling, switching, demurrage, warehousing, and transportation brokerage.

• Applies the bill's transportation company apportionment rules to a unitary business group member who primarily provides services incidental to freight/passenger movement if part of a group that includes a transportation company.

• Provides specific apportionment methodologies for transportation companies based on revenue miles (for air, land, water transportation) or other metrics for pipeline operations.

• Takes effect immediately upon becoming law.