104th General Assembly
HB 4190
INC Tx-small business credit
INC TX-Small Business Credit
In Committee
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
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.
Sponsors
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Primary sponsor
Martin McLaughlin
HouseIL
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