Illinois pulls the plug on Section 1202: What founders and investors need to know about the QSBS decoupling – Plante Moran

Taxpayers must add back Section 1202 gains when calculating Illinois taxable income, even if the gains remain fully excluded for federal purposes.  Illinois’ decoupling isn’t limited to newly issued stock and applies retroactively to 2026 transactions, including sales completed before the law was enacted.
2 Comments
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Mark Felt
2 months ago

Another reason not to start a business in Illinois. Will they ever end with this insanity?

David F
2 months ago

More taxes in Illinois, this is a daily headline.

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Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case

Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.

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