INCOME TAX-SMALL BUSINESS LOAN Senate SponsorsSen. Don Harmon 1/10/2023SenateSession Sine Die 35 ILCS 5/201Amends the Illinois Income Tax Act. Creates a credit for financial institutions with less than $50,000,000,000 in assets in an amount equal to the aggregate amount of all fees, penalties, and any other income derived during the taxable year from each commercial loan transaction that is (i) less than $5,000,000, (ii) originated by the financial institution, (iii) made to a person residing or located in this State, and (iv) made primarily for a business or agricultural project in this State. Effective immediately. 2/26/2021SenateFiled with Secretary by Sen. Scott M. Bennett 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 3/23/2021SenateAssigned to Revenue 4/16/2021SenateRule 3-9(a) / Re-referred to Assignments 12/22/2022SenateChief Sponsor Changed to Sen. Don Harmon 1/10/2023SenateSession Sine Die