Illinois 104th General Assembly Status: Introduced Bipartisan · 9 D · 2 R cosponsors

SB0146      — INC TX-SMALL BUSINESS CREDIT

Last action — Rule 3-9(a) / Re-referred to Assignments

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

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 chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 34% · moderate confidence
  • Introduced

    Current position in the legislative process.

  • 11 sponsors

    1 primary, 10 co-sponsors signed on.

  • 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

  1. Rule 3-9(a) / Re-referred to Assignments

  2. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

  4. Added as Co-Sponsor Sen. Erica Harriss

  5. Rule 2-10 Committee Deadline Established As May 9, 2025

  6. Rule 2-10 Committee Deadline Established As April 11, 2025

  7. Added as Co-Sponsor Sen. Laura M. Murphy

  8. Added as Co-Sponsor Sen. Mattie Hunter

  9. Added as Co-Sponsor Sen. Laura Fine

  10. Added as Co-Sponsor Sen. Seth Lewis

  11. Added as Co-Sponsor Sen. Julie A. Morrison

  12. Added as Co-Sponsor Sen. Willie Preston

  13. Added as Co-Sponsor Sen. Cristina Castro

  14. Added as Co-Sponsor Sen. Adriane L. Johnson

  15. Added as Co-Sponsor Sen. Javier L. Cervantes

  16. Assigned to Revenue

  17. Referred to Assignments

  18. First Reading

  19. Filed with Secretary by Sen. Bill Cunningham

Sponsors

Sponsorship breakdown

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1 sponsors · 10 co-sponsors · 172 not signed on

Sponsors (1)

Co-sponsors (10)

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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

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     ?
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Last checked for changes about 2 months ago · updated continuously

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