IllinoisSB0146104th General Assembly (2025–2026)Senate

INC TX-SMALL BUSINESS CREDIT

Sponsored By: Bill Cunningham

In Committee

Summary

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.

assignmentsrevenue

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Bill Cunningham

    Affiliation unavailable

Cosponsors

  • Adriane Johnson

    Affiliation unavailable

  • Cristina Castro

    Affiliation unavailable

  • Erica Harriss

    Affiliation unavailable

  • Javier L. Cervantes

    Affiliation unavailable

  • Julie A. Morrison

    Affiliation unavailable

  • Laura Fine

    Affiliation unavailable

  • Laura M. Murphy

    Affiliation unavailable

  • Mattie Hunter

    Affiliation unavailable

  • Seth Lewis

    Affiliation unavailable

  • Willie Preston

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  2. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

    5/23/2025Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  4. Added as Co-Sponsor Sen. Erica Harriss

    5/7/2025Senate
  5. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  6. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  7. Added as Co-Sponsor Sen. Laura M. Murphy

    3/20/2025Senate
  8. Added as Co-Sponsor Sen. Mattie Hunter

    2/21/2025Senate
  9. Added as Co-Sponsor Sen. Laura Fine

    2/18/2025Senate
  10. Added as Co-Sponsor Sen. Seth Lewis

    2/18/2025Senate
  11. Added as Co-Sponsor Sen. Julie A. Morrison

    2/13/2025Senate
  12. Added as Co-Sponsor Sen. Willie Preston

    2/13/2025Senate
  13. Added as Co-Sponsor Sen. Cristina Castro

    2/13/2025Senate
  14. Added as Co-Sponsor Sen. Adriane Johnson

    2/11/2025Senate
  15. Added as Co-Sponsor Sen. Javier L. Cervantes

    2/11/2025Senate
  16. Assigned to Revenue

    1/28/2025Senate
  17. Referred to Assignments

    1/17/2025Senate
  18. First Reading

    1/17/2025Senate
  19. Filed with Secretary by Sen. Bill Cunningham

    1/17/2025Senate

Bill Text

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