Illinois General Assembly - Bill Status for HB1093
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of HB1093  104th General Assembly


Short Description:  INC TX-NEW BUSINESSES

House Sponsors
Rep. Jed Davis

Last Action
DateChamber Action
  2/4/2025HouseAssigned to Revenue & Finance Committee

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 
DateChamber Action
  1/3/2025HousePrefiled with Clerk by Rep. Jed Davis
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee
  2/4/2025HouseAssigned to Revenue & Finance Committee

Back To Top