INCOME TAX-SMALL BUSINESS LOAN House SponsorsRep. Marcus C. Evans, Jr. 1/7/2025HouseSession Sine Die 35 ILCS 5/234 new Amends 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. 2/14/2023HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr. 2/14/2023HouseFirst Reading 2/14/2023HouseReferred to Rules Committee 2/28/2023HouseAssigned to Revenue & Finance Committee 3/9/2023HouseTo Revenue-Income Tax Subcommittee 3/10/2023HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die