Bill Status of HB 4430   103rd General Assembly

Short Description:  INC TX-SMALL BUSINESS CREDIT

House Sponsors
Rep. Debbie Meyers-Martin, Lindsey LaPointe, Martin McLaughlin, Jennifer Sanalitro, Ann M. Williams, Nabeela Syed, Lilian Jiménez and Mary Beth Canty

Last Action  View All Actions

DateChamber Action
  1/7/2025HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/241 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 
DateChamber Action
  1/11/2024HouseFiled with the Clerk by Rep. Debbie Meyers-Martin
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee
  2/16/2024HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  2/28/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue-Income Tax Subcommittee
  3/18/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Debbie Meyers-Martin
  3/18/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/20/2024HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee
  4/5/2024HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  5/8/2024HouseAdded Co-Sponsor Rep. Martin McLaughlin
  5/8/2024HouseAdded Co-Sponsor Rep. Jennifer Sanalitro
  5/20/2024HouseAdded Co-Sponsor Rep. Ann M. Williams
  5/20/2024HouseAdded Co-Sponsor Rep. Nabeela Syed
  5/23/2024HouseAdded Co-Sponsor Rep. Lilian Jiménez
  10/9/2024HouseAdded Co-Sponsor Rep. Mary Beth Canty
  1/7/2025HouseSession Sine Die

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