HB4190Introduced in the House
INC TX-SMALL BUSINESS CREDIT
Introduced by Martin McLaughlin, District 52
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
Rule 19(a) / Re-referred to Rules Committee
March 27, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with the Clerk by Rep. Martin McLaughlin
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
Rule 19(a) / Re-referred to Rules Committee
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