IllinoisSB1505104th General Assembly (2025–2026)Senate

SMALL BUSINESS TAX CREDIT

Sponsored By: Willie Preston (Democratic)

In Committee

Summary

Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2025 and ending on or before June 30, 2032. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Willie Preston

    Democratic • Senate

Cosponsors

  • Adriane L. Johnson

    Democratic • Senate

  • Bill Cunningham

    Democratic • Senate

  • Chris Balkema

    Republican • Senate

  • Christopher Belt

    Democratic • Senate

  • Craig Wilcox

    Republican • Senate

  • Cristina Castro

    Democratic • Senate

  • Darby A. Hills

    Republican • Senate

  • Emil Jones, III

    Democratic • Senate

  • Erica Harriss

    Republican • Senate

  • Jil Tracy

    Republican • Senate

  • Laura Fine

    Democratic • Senate

  • Laura M. Murphy

    Democratic • Senate

  • Mary Edly-Allen

    Democratic • Senate

  • Mattie Hunter

    Democratic • Senate

  • Mike Porfirio

    Democratic • Senate

  • Mike Simmons

    Democratic • Senate

  • Paul Faraci

    Democratic • Senate

  • Ram Villivalam

    Democratic • Senate

  • Robert Peters

    Democratic • Senate

  • Sally J. Turner

    Republican • Senate

  • Sara Feigenholtz

    Democratic • Senate

  • Seth Lewis

    Republican • Senate

  • Suzy Glowiak Hilton

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Ram Villivalam

    5/28/2026Senate
  2. Rule 3-9(a) / Re-referred to Assignments

    5/22/2026Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  4. Added as Co-Sponsor Sen. Suzy Glowiak Hilton

    5/6/2026Senate
  5. Added as Co-Sponsor Sen. Seth Lewis

    5/1/2026Senate
  6. Added as Co-Sponsor Sen. Paul Faraci

    4/30/2026Senate
  7. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

    4/24/2026Senate
  8. Re-assigned to Revenue

    4/22/2026Senate
  9. Rule 2-10 Committee Deadline Established As April 24, 2026

    4/22/2026Senate
  10. Added as Co-Sponsor Sen. Sally J. Turner

    4/15/2026Senate
  11. Added as Chief Co-Sponsor Sen. Jil Tracy

    4/15/2026Senate
  12. Added as Co-Sponsor Sen. Erica Harriss

    4/15/2026Senate
  13. Added as Co-Sponsor Sen. Emil Jones, III

    3/25/2026Senate
  14. Added as Co-Sponsor Sen. Darby A. Hills

    3/23/2026Senate
  15. Rule 3-9(a) / Re-referred to Assignments

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

    5/23/2025Senate
  17. Added as Co-Sponsor Sen. Craig Wilcox

    5/14/2025Senate
  18. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  19. Added as Co-Sponsor Sen. Cristina Castro

    5/8/2025Senate
  20. Added as Co-Sponsor Sen. Sara Feigenholtz

    5/8/2025Senate
  21. Added as Co-Sponsor Sen. Chris Balkema

    5/8/2025Senate
  22. Added as Co-Sponsor Sen. Mike Porfirio

    5/8/2025Senate
  23. Added as Co-Sponsor Sen. Mary Edly-Allen

    5/6/2025Senate
  24. Added as Co-Sponsor Sen. Christopher Belt

    5/2/2025Senate
  25. Added as Co-Sponsor Sen. Mike Simmons

    4/30/2025Senate

Bill Text

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