Bill Status of HB 4454   98th General Assembly


Short Description:  INC TX-SMALL BUSINESS CREDIT

House Sponsors
Rep. John M. Cabello

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/224 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each small business is entitled to a credit equal to 50% of its Illinois income tax liability. Provides that "small business" means a business with fewer than 50 employees. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  1/29/2014HouseFiled with the Clerk by Rep. John M. Cabello
  2/3/2014HouseFirst Reading
  2/3/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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