91st General Assembly
Summary of HB4135
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
House Sponsors:
LEITCH-CAPPARELLI-LAWFER-WOOLARD-CROSS, ACEVEDO, BASSI, 
   BIGGINS, BRADY, BUGIELSKI, DANIELS, HASSERT, HOLBROOK, 
   HULTGREN, KRAUSE, LINDNER, LOPEZ, LYONS,JOSEPH, MATHIAS, 
   MEYER, MITCHELL,JERRY, MOORE,ANDREA, NOVAK, OSMOND, PANKAU, 
   PUGH, RUTHERFORD, SCHMITZ, SMITH,MICHAEL, STEPHENS, 
   WAIT, WIRSING, WOJCIK, ZICKUS, FRANKS, GRANBERG, 
   LANG AND PARKE.

Short description: 
INC TX-SMALL BUSNSS-FARM CREDT                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that,  for  taxable      
   years  2000  through  2004,  every  small  business  operating  within      
   Illinois is entitled to claim an income tax credit for any amount paid      
   to  the  United States Small Business Administration as a required fee      
   pursuant to the obtaining of Small Business Administration  guaranteed      
   financing.  Provides  that, for taxable years 2000 through 2004, every      
   individual taxpayer is entitled to claim an income tax credit for  any      
   amount  paid  as  a required fee to obtain a guaranteed loan under the      
   rural development loan  program  or  the  farm  service  loan  program      
   administered by the United States Department of Agriculture.  Provides      
   that  both  credits  may  be  carried  forward  for  4  taxable years.      
   Effective immediately.                                                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status