SB2656 - INC TX-SMALL BUSINESS CREDIT
Illinois - 103rd General Assembly
Introduced byWilliam Cunningham, Laura Fine, Javier Loera Cervantes
Last updated 9 months ago
7 Co-Sponsors
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.
STATUS
Introduced
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