Translate
SB0146 - 104th General Assembly
INC TX-SMALL BUSINESS CREDIT
Last Action
Senate Sponsors
Sen. Bill Cunningham, Javier L. Cervantes, Adriane Johnson, Cristina Castro, Willie Preston, Julie A. Morrison, Seth Lewis, Laura Fine, Mattie Hunter, Laura M. Murphy and Erica HarrissStatutes Amended In Order of Appearance
35 ILCS 5/246 new
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for certain small businesses in an amount equal to the lesser of (i) 10% of the property taxes paid by the qualified small business during the taxable year for eligible real property or (ii) $1,500. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/17/2025 | Senate | Filed with Secretary by Sen. Bill Cunningham |
| 1/17/2025 | Senate | First Reading |
| 1/17/2025 | Senate | Referred to Assignments |
| 1/28/2025 | Senate | Assigned to Revenue |
| 2/11/2025 | Senate | Added as Co-Sponsor Sen. Javier L. Cervantes |
| 2/11/2025 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 2/13/2025 | Senate | Added as Co-Sponsor Sen. Cristina Castro |
| 2/13/2025 | Senate | Added as Co-Sponsor Sen. Willie Preston |
| 2/13/2025 | Senate | Added as Co-Sponsor Sen. Julie A. Morrison |
| 2/18/2025 | Senate | Added as Co-Sponsor Sen. Seth Lewis |
| 2/18/2025 | Senate | Added as Co-Sponsor Sen. Laura Fine |
| 2/21/2025 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
| 3/20/2025 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 3/21/2025 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2025 |
| 4/11/2025 | Senate | Rule 2-10 Committee Deadline Established As May 9, 2025 |
| 5/07/2025 | Senate | Added as Co-Sponsor Sen. Erica Harriss |
| 5/09/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 |
| 5/23/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 |
| 6/02/2025 | Senate | Rule 3-9(a) / Re-referred to Assignments |