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HB 1093

INC TX-NEW BUSINESSES

104th Regular Session Introduced by Jed Davis

Illinois bill creating tax incentives or regulatory provisions for newly established businesses to encourage entrepreneurship and economic growth statewide.

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Bill Summary · HB 1093

Legislative bill overview

HB 1093 appears to address tax incentives or regulatory treatment for new businesses in Illinois, though the bill's specific provisions are not detailed in the available information. The measure has been referred through multiple committees (Rules, Revenue & Finance, and Income Tax Subcommittee) since January 2025, indicating it involves tax policy considerations.

Why is this important

New business tax policy directly affects entrepreneurship, job creation, and state revenue. How Illinois structures incentives for startups influences economic competitiveness with neighboring states and can determine whether entrepreneurs choose to establish operations within the state. The bill's treatment also reflects broader fiscal priorities—whether the state prioritizes business growth or revenue preservation.

Potential points of contention

  • Revenue impact: Tax incentives for new businesses reduce state income, requiring either budget cuts elsewhere or assumptions about economic growth offsetting lost revenue
  • Definition and scope: Determining which businesses qualify as "new" and which industries receive benefits (or whether benefits are universal) creates fairness and implementation questions
  • Duration and sunset provisions: Whether incentives are temporary or permanent affects long-term fiscal planning and whether they create competitive advantages for early adopters

Compiled from official sources — confirm details with the bill’s official record.

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