HB1093Introduced in the House
INC TX-NEW BUSINESSES
Introduced by Jed Davis, District 75
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
Rule 19(a) / Re-referred to Rules Committee
March 21, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Prefiled with Clerk by Rep. Jed Davis
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
To Income Tax Subcommittee
Rule 19(a) / Re-referred to Rules Committee
Verify the information
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