Illinois 104th General Assembly Status: Introduced Bipartisan · 17 D · 7 R cosponsors

SB1505      — SMALL BUSINESS TAX CREDIT

Last action — Added as Co-Sponsor Sen. Ram Villivalam

  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 February 04, 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.

  • 24 sponsors

    1 primary, 23 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (17 D · 7 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.

In plain language

The bill extends a tax credit program for small businesses in Illinois.

This bill renews the Small Business Job Creation Tax Credit program for incentive periods from July 1, 2025, to June 30, 2032. It updates definitions related to full-time employees and clarifies conditions for maintaining employee numbers.

What this means for you
  • Workers: This could result in more full-time job opportunities as businesses expand their workforce.
  • Small Business: This means small businesses can continue to access tax credits for creating jobs until mid-2032.

Summary

Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2025 and ending on or before June 30, 2032. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.

Bill Text

We don't have the full text on file for this bill yet.

Read SB1505 on the official Illinois source →

Action History

  1. Added as Co-Sponsor Sen. Ram Villivalam

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

  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

  4. Added as Co-Sponsor Sen. Suzy Glowiak Hilton

  5. Added as Co-Sponsor Sen. Seth Lewis

  6. Added as Co-Sponsor Sen. Paul Faraci

  7. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

  8. Re-assigned to Revenue

  9. Rule 2-10 Committee Deadline Established As April 24, 2026

  10. Added as Co-Sponsor Sen. Sally J. Turner

  11. Added as Chief Co-Sponsor Sen. Jil Tracy

  12. Added as Co-Sponsor Sen. Erica Harriss

  13. Added as Co-Sponsor Sen. Emil Jones, III

  14. Added as Co-Sponsor Sen. Darby A. Hills

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

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

  17. Added as Co-Sponsor Sen. Craig Wilcox

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

  19. Added as Co-Sponsor Sen. Cristina Castro

  20. Added as Co-Sponsor Sen. Sara Feigenholtz

  21. Added as Co-Sponsor Sen. Chris Balkema

  22. Added as Co-Sponsor Sen. Mike Porfirio

  23. Added as Co-Sponsor Sen. Mary Edly-Allen

  24. Added as Co-Sponsor Sen. Christopher Belt

  25. Added as Co-Sponsor Sen. Mike Simmons

  26. Added as Co-Sponsor Sen. Robert Peters

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

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

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

  30. Added as Co-Sponsor Sen. Bill Cunningham

  31. Added as Co-Sponsor Sen. Laura Fine

  32. Added as Co-Sponsor Sen. Mattie Hunter

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

  34. Assigned to Revenue

  35. Referred to Assignments

  36. First Reading

  37. Filed with Secretary by Sen. Willie Preston

Sponsors

Sponsorship breakdown

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1 sponsors · 23 co-sponsors · 159 not signed on

Sponsors (1)

Co-sponsors (23)

Not signed on (159)

159 members have not signed on to this bill.

Show all 159 →

"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

taxation labor
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 SB1505      do?
Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2025 and ending on or before June 30, 2032. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.
Who sponsors SB1505     ?
SB1505      is sponsored by Willie Preston (Democrat), Jil Tracy (Republican), Adriane L. Johnson (Democrat), Mattie Hunter (Democrat), Laura Fine (Democrat), Bill Cunningham (Democrat), Laura M. Murphy (Democrat), Robert Peters (Democrat), Mike Simmons (Democrat), Christopher Belt (Democrat), Mary Edly-Allen (Democrat), Mike Porfirio (Democrat), Chris Balkema (Republican), Sara Feigenholtz (Democrat), Cristina Castro (Democrat), Craig Wilcox (Republican), Darby A. Hills (Republican), Emil Jones, III (Democrat), Erica Harriss (Republican), Sally J. Turner (Republican), Paul Faraci (Democrat), Seth Lewis (Republican), Suzy Glowiak Hilton (Democrat), and Ram Villivalam (Democrat).
What is the current status of SB1505     ?
This bill has been introduced in the Senate. Introduced February 04, 2025. It must pass committee before a floor vote.
Where can I track SB1505     ?
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