HB4190 - 104th General Assembly (2025-2026)
INC TX-SMALL BUSINESS CREDIT
Last Action
3/27/2026 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
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 |
|---|---|---|
| 10/28/2025 | House | Filed with the Clerk by Rep. Martin McLaughlin |
| 10/29/2025 | House | First Reading |
| 10/29/2025 | House | Referred to Rules Committee |
| 3/04/2026 | House | Assigned to Revenue & Finance Committee |
| 3/27/2026 | House | Rule 19(a) / Re-referred to Rules Committee |