# Illinois SB1505: SMALL BUSINESS TAX CREDIT Illinois SB1505, SMALL BUSINESS TAX CREDIT, is a 104th General Assembly (2025–2026) Senate bill sponsored by Willie Preston (Democratic); status in committee, last action 2026-05-28 (Added as Co-Sponsor Sen. Ram Villivalam) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-SB1505-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois SB1505 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: SMALL BUSINESS TAX CREDIT - Status: in committee - Chamber: Senate - Introduced: 2025-02-04 - Last action: 2026-05-28, Added as Co-Sponsor Sen. Ram Villivalam - Sponsor: Willie Preston (Democratic) - Cosponsors: 23 - Subjects: assignments, revenue - Touches household money: no - Economic provisions PRIA read: 0 ## 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. ## Bill overview No economic impacts identified for this bill. ## Sponsors and cosponsors - Sponsor: Willie Preston (Democratic), Senate - Cosponsor: Adriane L. Johnson (Democratic), Senate - Cosponsor: Bill Cunningham (Democratic), Senate - Cosponsor: Chris Balkema (Republican), Senate - Cosponsor: Christopher Belt (Democratic), Senate - Cosponsor: Craig Wilcox (Republican), Senate - Cosponsor: Cristina Castro (Democratic), Senate - Cosponsor: Darby A. Hills (Republican), Senate - Cosponsor: Emil Jones, III (Democratic), Senate - Cosponsor: Erica Harriss (Republican), Senate - Cosponsor: Jil Tracy (Republican), Senate - Cosponsor: Laura Fine (Democratic), Senate - Cosponsor: Laura M. Murphy (Democratic), Senate - Cosponsor: Mary Edly-Allen (Democratic), Senate - Cosponsor: Mattie Hunter (Democratic), Senate - Cosponsor: Mike Porfirio (Democratic), Senate - Cosponsor: Mike Simmons (Democratic), Senate - Cosponsor: Paul Faraci (Democratic), Senate - Cosponsor: Ram Villivalam (Democratic), Senate - Cosponsor: Robert Peters (Democratic), Senate - Cosponsor: Sally J. Turner (Republican), Senate - Cosponsor: Sara Feigenholtz (Democratic), Senate - Cosponsor: Seth Lewis (Republican), Senate - Cosponsor: Suzy Glowiak Hilton (Democratic), Senate ## Actions (37) - 2026-05-28: Added as Co-Sponsor Sen. Ram Villivalam (Senate) - 2026-05-22: Rule 3-9(a) / Re-referred to Assignments (Senate) - 2026-05-15: Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026 (Senate) - 2026-05-06: Added as Co-Sponsor Sen. Suzy Glowiak Hilton (Senate) - 2026-05-01: Added as Co-Sponsor Sen. Seth Lewis (Senate) - 2026-04-30: Added as Co-Sponsor Sen. Paul Faraci (Senate) - 2026-04-24: Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026 (Senate) - 2026-04-22: Re-assigned to Revenue (Senate) - 2026-04-22: Rule 2-10 Committee Deadline Established As April 24, 2026 (Senate) - 2026-04-15: Added as Co-Sponsor Sen. Sally J. Turner (Senate) - 2026-04-15: Added as Chief Co-Sponsor Sen. Jil Tracy (Senate) - 2026-04-15: Added as Co-Sponsor Sen. Erica Harriss (Senate) - 2026-03-25: Added as Co-Sponsor Sen. Emil Jones, III (Senate) - 2026-03-23: Added as Co-Sponsor Sen. Darby A. Hills (Senate) - 2025-06-02: Rule 3-9(a) / Re-referred to Assignments (Senate) - 2025-05-23: Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 (Senate) - 2025-05-14: Added as Co-Sponsor Sen. Craig Wilcox (Senate) - 2025-05-09: Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 (Senate) - 2025-05-08: Added as Co-Sponsor Sen. Cristina Castro (Senate) - 2025-05-08: Added as Co-Sponsor Sen. Sara Feigenholtz (Senate) - 2025-05-08: Added as Co-Sponsor Sen. Chris Balkema (Senate) - 2025-05-08: Added as Co-Sponsor Sen. Mike Porfirio (Senate) - 2025-05-06: Added as Co-Sponsor Sen. Mary Edly-Allen (Senate) - 2025-05-02: Added as Co-Sponsor Sen. Christopher Belt (Senate) - 2025-04-30: Added as Co-Sponsor Sen. Mike Simmons (Senate) - 2025-04-24: Added as Co-Sponsor Sen. Robert Peters (Senate) - 2025-04-11: Rule 2-10 Committee Deadline Established As May 9, 2025 (Senate) - 2025-03-21: Rule 2-10 Committee Deadline Established As April 11, 2025 (Senate) - 2025-03-20: Added as Co-Sponsor Sen. Laura M. Murphy (Senate) - 2025-03-05: Added as Co-Sponsor Sen. Bill Cunningham (Senate) - 2025-02-24: Added as Co-Sponsor Sen. Laura Fine (Senate) - 2025-02-21: Added as Co-Sponsor Sen. Mattie Hunter (Senate) - 2025-02-14: Added as Co-Sponsor Sen. Adriane L. Johnson (Senate) - 2025-02-11: Assigned to Revenue (Senate) - 2025-02-04: Referred to Assignments (Senate) - 2025-02-04: First Reading (Senate) - 2025-02-04: Filed with Secretary by Sen. Willie Preston (Senate) ## Bill text - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1505.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1505.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-SB1505-2025-2026 (as of 2026-11-01).