Illinois General Assembly - Bill Status for HB4454

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Bill Status of HB4454 98th General Assembly

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Short Description: INC TX-SMALL BUSINESS CREDIT

House Sponsors
Rep. John M. Cabello

Last Action

Date	Chamber	Action
12/3/2014	House	Session 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

Date	Chamber	Action
1/29/2014	House	Filed with the Clerk by Rep. John M. Cabello
2/3/2014	House	First Reading
2/3/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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