By Christopher Lutz ( October 31, 2018, 2:27 PM EDT) -- Partnerships are not subject to the Illinois income tax. Instead, partners are taxed individually on their distributive shares from a partnership.[1] For nonresident individual partners, only their pro rata share of the partnership's income apportioned to Illinois is taxable.[2] Corporate partners may be required to combine the partnership income and factors in their combined business income and factors if they are unitary with the partnership.[3] However, it is always important to keep in mind that Illinois also imposes a replacement tax which is generally imposed at the entity level.[4]...
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