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On June 7, 2023, Illinois Gov. J.B. Pritzker signed into law P.A. 103-0009 (SB 1963), which, among other things, modifies the definition of “investment partnership” and requires investment partnerships to withhold tax on Illinois-sourced income allocated to its nonresident partners.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
