HB 1093

  • Illinois House Bill
  • 104th 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. Effective immediately.

Bill Sponsors (1)

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Mar 21, 2025

House

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

Feb 25, 2025

House

To Income Tax Subcommittee

Feb 04, 2025

House

Assigned to Revenue & Finance Committee

Jan 09, 2025

House

First Reading

House

Referred to Rules Committee

Jan 03, 2025

House

Prefiled with Clerk by Rep. Jed Davis

Bill Text

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