SB 2656

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

Inc Tx-Small Business Credit

Abstract

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.

Bill Sponsors (7)

Votes


No votes to display

Actions


May 03, 2024

Senate

Added as Co-Sponsor Sen. Seth Lewis

Mar 25, 2024

Senate

Added as Co-Sponsor Sen. Julie A. Morrison

Mar 22, 2024

Senate

Added as Co-Sponsor Sen. Laura M. Murphy

Mar 15, 2024

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 14, 2024

Senate

Added as Co-Sponsor Sen. Cristina Castro

Mar 12, 2024

Senate

Added as Co-Sponsor Sen. Javier L. Cervantes

Jan 24, 2024

Senate

Assigned to Revenue

Jan 23, 2024

Senate

Added as Co-Sponsor Sen. Laura Fine

Jan 10, 2024

Senate

Filed with Secretary by Sen. Bill Cunningham

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.