INC TX-SMALL BUSINESS CREDIT House SponsorsRep. Debbie Meyers-Martin, Lindsey LaPointe, Kevin John Olickal and Martin McLaughlin 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 35 ILCS 5/246 new 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. 1/14/2025HouseFiled with the Clerk by Rep. Debbie Meyers-Martin 1/28/2025HouseFirst Reading 1/28/2025HouseReferred to Rules Committee 2/11/2025HouseAssigned to Revenue & Finance Committee 2/25/2025HouseTo Income Tax Subcommittee 3/4/2025HouseAdded Co-Sponsor Rep. Lindsey LaPointe 3/7/2025HouseAdded Co-Sponsor Rep. Kevin John Olickal 3/21/2025HouseRule 19(a) / Re-referred to Rules Committee 4/7/2025HouseAdded Co-Sponsor Rep. Martin McLaughlin