HB1361Introduced in the House
INC TX-SMALL BUSINESS CREDIT
Introduced by Debbie Meyers-Martin, District 38
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 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.
Where it stands
Added Co-Sponsor Rep. Martin McLaughlin
April 7, 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
Filed with the Clerk by Rep. Debbie Meyers-Martin
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
To Income Tax Subcommittee
Added Co-Sponsor Rep. Lindsey LaPointe
Added Co-Sponsor Rep. Kevin John Olickal
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Martin McLaughlin
Verify the information
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