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SB 146

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: June 2, 2025.

INC TX-SMALL BUSINESS CREDIT.

Bill ID IL-104-SB-146
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2025-06-02
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
Bill Cunningham
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-17 Introduced Bill introduced
2025-06-02 Status in_committee
2025-06-02 Latest Action 6/02/2025 - Senate:
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