HB 4246

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-New Businesses

Abstract

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.

Bill Sponsors (5)

Votes


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Actions


Apr 05, 2024

House

Rule 19(a) / Re-referred to Rules Committee

Mar 08, 2024

House

To Revenue-Income Tax Subcommittee

Feb 06, 2024

House

Added Co-Sponsor Rep. Martin McLaughlin

Feb 02, 2024

House

Added Co-Sponsor Rep. Dan Caulkins

Feb 01, 2024

House

Added Co-Sponsor Rep. Brandun Schweizer

House

Added Co-Sponsor Rep. Kevin Schmidt

Jan 31, 2024

House

Assigned to Revenue & Finance Committee

Jan 16, 2024

House

Referred to Rules Committee

House

First Reading

Nov 29, 2023

House

Filed with the Clerk by Rep. Jed Davis

Bill Text

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Related Documents

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Sources

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