Illinois - Session 104
Title: INC TX-NEW BUSINESSES
Amends the Illinois Income Tax Act. Creates a deduction for 100% of the income of a qualified new business. Provides that the term "qualified new business' means a business that has its principal place of business in the State and first begins operating in the State during the taxable year. Effective immediately."
Tracking state legislation? Support LegiList with a small contribution. Independent, ad-free, and built by one developer.
| Date | Event | Detail |
|---|---|---|
| 2025-01-09 | Introduced | Bill introduced |
| 2025-03-21 | Status | in_committee |
| 2025-03-21 | Latest Action | 3/21/2025 - House: |
| Bill | Title | Status |
|---|---|---|
| HB 5738 | USE/OCC TX-MOTOR FUEL | unknown |
| HB 1143 | ILLINOIS CURE ACT | in_committee |
| HB 1146 | PLASTIC BAG REDUCTION | in_committee |
| HB 1198 | GUARDIAN-ADULT W/ DISABILITIES | in_committee |
| HB 1252 | INS-MOTOR VEHICLE RATES | in_committee |
| HB 1323 | BOND AUTH-NO ROLLOVER | in_committee |
| HB 1420 | COUNTY WIND/SOLAR FACILITIES | in_committee |
| HB 1427 | ALGORITHMICS PROHIBITED-RENT | in_committee |