INC TX-SMALL BUSINESS CREDIT
Summary
Amends the Illinois Income Tax Act. Provides that each small business is entitled to a credit equal to 50% of its Illinois income tax liability. Provides that "small business" means a business with fewer than 50 employees. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2014
Committee Review
Floor Vote
Governor
Introduced Jan 29, 2014
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Feb 3, 2014
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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