SB0146Introduced in the Senate
INC TX-SMALL BUSINESS CREDIT
Introduced by William Cunningham, District 18
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 3-9(a) / Re-referred to Assignments
June 2, 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 Secretary by Sen. Bill Cunningham
First Reading
Referred to Assignments
Assigned to Revenue
Added as Co-Sponsor Sen. Javier L. Cervantes
Added as Co-Sponsor Sen. Adriane L. Johnson
Added as Co-Sponsor Sen. Cristina Castro
Added as Co-Sponsor Sen. Willie Preston
Added as Co-Sponsor Sen. Julie A. Morrison
Added as Co-Sponsor Sen. Seth Lewis
Added as Co-Sponsor Sen. Laura Fine
Added as Co-Sponsor Sen. Mattie Hunter
Added as Co-Sponsor Sen. Laura M. Murphy
Rule 2-10 Committee Deadline Established As April 11, 2025
Rule 2-10 Committee Deadline Established As May 9, 2025
Added as Co-Sponsor Sen. Erica Harriss
Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
Rule 3-9(a) / Re-referred to Assignments
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