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: Partisan Bill (Democrat 6-0)

Status: (Introduced) 2024-03-25 - Added as Co-Sponsor Sen. Julie A. Morrison [SB2656 Detail]

Text: Latest bill text (Introduced) [HTML]

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