INC TX-SMALL BUSINESS CREDIT House SponsorsRep. Martin McLaughlin 1/14/2026HouseReferred to Rules Committee 35 ILCS 5/246 new 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. 1/8/2026HouseFiled with the Clerk by Rep. Martin McLaughlin 1/14/2026HouseFirst Reading 1/14/2026HouseReferred to Rules Committee