INC TX-SMALL BUSINESS CREDIT Senate SponsorsSen. Bill Cunningham, Laura Fine, Javier L. Cervantes, Cristina Castro, Laura M. Murphy, Julie A. Morrison, Seth Lewis and Adriane Johnson 1/7/2025SenateSession Sine Die 35 ILCS 5/241 newAmends 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. 1/10/2024SenateFiled with Secretary by Sen. Bill Cunningham 1/10/2024SenateFirst Reading 1/10/2024SenateReferred to Assignments 1/23/2024SenateAdded as Co-Sponsor Sen. Laura Fine 1/24/2024SenateAssigned to Revenue 3/12/2024SenateAdded as Co-Sponsor Sen. Javier L. Cervantes 3/14/2024SenateAdded as Co-Sponsor Sen. Cristina Castro 3/15/2024SenateRule 3-9(a) / Re-referred to Assignments 3/22/2024SenateAdded as Co-Sponsor Sen. Laura M. Murphy 3/25/2024SenateAdded as Co-Sponsor Sen. Julie A. Morrison 5/3/2024SenateAdded as Co-Sponsor Sen. Seth Lewis 9/30/2024SenateAdded as Co-Sponsor Sen. Adriane Johnson 1/7/2025SenateSession Sine Die