SB0146 - 104th General Assembly (2025-2026)
INC TX-SMALL BUSINESS CREDIT
Last Action
6/02/2025 - Senate: Rule 3-9(a) / Re-referred to Assignments
Statutes Amended In Order of Appearance
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 |