Bill Sponsors: IL SB2656 | 2023-2024 | 103rd General Assembly
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]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: (Introduced) 2024-05-03 - Added as Co-Sponsor Sen. Seth Lewis [SB2656 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Senator William Cunningham [D] | Primary | Sponsored Bills | SD-018 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Laura Fine [D] | Cosponsor | Sponsored Bills | SD-009 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Javier Cervantes [D] | Cosponsor | Sponsored Bills | SD-001 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Cristina Castro [D] | Cosponsor | Sponsored Bills | SD-022 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Laura Murphy [D] | Cosponsor | Sponsored Bills | SD-028 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Julie Morrison [D] | Cosponsor | Sponsored Bills | SD-029 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Seth Lewis [R] | Cosponsor | Sponsored Bills | SD-024 | FollowTheMoney | Ballotpedia | VoteSmart |