Bill Title: 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.

Spectrum: Moderate Partisan Bill (Democrat 6-1)

Status: (Introduced) 2024-05-03 - Added as Co-Sponsor Sen. Seth Lewis [SB2656 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2024-01-10	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB2656

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB2656 currently on file.

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