HB4246 - INC TX-NEW BUSINESSES
Illinois - 103rd General Assembly
Introduced byJed Davis, Kevin Schmidt, Brandun Schweizer
Last updated 10 months ago
5 Co-Sponsors
Amends the Illinois Income Tax Act. Creates a deduction for 100% of the income of a qualified new business. Provides that the term "qualified new business' means a business that has its principal place of business in the State and first begins operating in the State during the taxable year.
STATUS
Introduced
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