HB 4190

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: March 27, 2026.

INC TX-SMALL BUSINESS CREDIT.

Bill ID IL-104-HB-4190
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2026-03-27
Business / Commerce Tax / Budget / Appropriations
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.

Sponsor
Martin McLaughlin
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-10-29 Introduced Bill introduced
2026-03-27 Status in_committee
2026-03-27 Latest Action 3/27/2026 - House:
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