104th General Assembly
HB 4350
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 an income tax credit in an amount equal to 100%, but in no event more than $250,000 per taxpayer in any taxable year, of qualified business expenses paid by a qualified small business during the taxable year. Effective immediately.
Sponsors
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Primary sponsor
Martin McLaughlin
HouseIL
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