Date	Chamber	Action
1/28/2025	Senate	Assigned to Revenue

Statutes Amended In Order of Appearance

35 ILCS 5/246 new

Synopsis As Introduced
Amends 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.

Actions 

Date	Chamber	Action
1/17/2025	Senate	Filed with Secretary by Sen. Bill Cunningham
1/17/2025	Senate	First Reading
1/17/2025	Senate	Referred to Assignments
1/28/2025	Senate	Assigned to Revenue

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