SB0146 — INC TX-SMALL BUSINESS CREDIT
Last action — Rule 3-9(a) / Re-referred to Assignments
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1Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced January 17, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Odds of enactment
Low chanceBased on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Introduced
Current position in the legislative process.
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11 sponsors
1 primary, 10 co-sponsors signed on.
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Bipartisan support
Sponsored across 2 parties (9 D · 2 R) — cross-party backing.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
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.
Bill Text
We don't have the full text on file for this bill yet.
Read SB0146 on the official Illinois source →Action History
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Rule 3-9(a) / Re-referred to Assignments
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Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
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Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
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Added as Co-Sponsor Sen. Erica Harriss
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Rule 2-10 Committee Deadline Established As May 9, 2025
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Rule 2-10 Committee Deadline Established As April 11, 2025
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Added as Co-Sponsor Sen. Laura M. Murphy
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Added as Co-Sponsor Sen. Mattie Hunter
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Added as Co-Sponsor Sen. Laura Fine
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Added as Co-Sponsor Sen. Seth Lewis
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Added as Co-Sponsor Sen. Julie A. Morrison
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Added as Co-Sponsor Sen. Willie Preston
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Added as Co-Sponsor Sen. Cristina Castro
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Added as Co-Sponsor Sen. Adriane L. Johnson
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Added as Co-Sponsor Sen. Javier L. Cervantes
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Assigned to Revenue
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Bill Cunningham
Sponsors
- Bill Cunningham · Primary
- Javier L. Cervantes · Cosponsor
- Adriane L. Johnson · Cosponsor
- Cristina Castro · Cosponsor
- Willie Preston · Cosponsor
- Julie A. Morrison · Cosponsor
- Seth Lewis · Cosponsor
- Laura Fine · Cosponsor
- Mattie Hunter · Cosponsor
- Laura M. Murphy · Cosponsor
- Erica Harriss · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 10 co-sponsors · 172 not signed on
Sponsors (1)
- Bill Cunningham Democrat
Co-sponsors (10)
- Javier L. Cervantes Democrat
- Adriane L. Johnson Democrat
- Cristina Castro Democrat
- Willie Preston Democrat
- Julie A. Morrison Democrat
- Seth Lewis Republican
- Laura Fine Democrat
- Mattie Hunter Democrat
- Laura M. Murphy Democrat
- Erica Harriss Republican
Not signed on (172)
172 members have not signed on to this bill.
Show all 172 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB0146 do?
- 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.
- Who sponsors SB0146 ?
- SB0146 is sponsored by Bill Cunningham (Democrat), Javier L. Cervantes (Democrat), Adriane L. Johnson (Democrat), Cristina Castro (Democrat), Willie Preston (Democrat), Julie A. Morrison (Democrat), Seth Lewis (Republican), Laura Fine (Democrat), Mattie Hunter (Democrat), Laura M. Murphy (Democrat), and Erica Harriss (Republican).
- What is the current status of SB0146 ?
- This bill has been introduced in the Senate. Introduced January 17, 2025. It must pass committee before a floor vote.
- Where can I track SB0146 ?
- Track SB0146 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes about 2 months ago · updated continuously
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