Bill Status of HB1093

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HB1093 - 104th General Assembly

INC TX-NEW BUSINESSES
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Jed Davis
Statutes Amended In Order of Appearance
35 ILCS 5/203
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction for 100% of the income of a qualified new business. Provides that the term "qualified new business' means a business that has its principal place of business in the State and first begins operating in the State during the taxable year. Effective immediately.
Actions
Date Chamber Action
1/03/2025 House Prefiled with Clerk by Rep. Jed Davis
1/09/2025 House First Reading
1/09/2025 House Referred to Rules Committee
2/04/2025 House Assigned to Revenue & Finance Committee
2/25/2025 House To Income Tax Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee