HB3128

INC TX-SMALL BUSINESS ACCT

Introduced·2/6/25
Introduced Text

Illinois HB3128 amends tax provisions for small businesses.

Illinois HB3128 modifies the tax treatment for small businesses by adjusting the definition of a small business for tax purposes. This change impacts how small businesses are taxed under state law.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Rules Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

Calendar

Mar 20, 2025

8:00 AM

Revenue & Finance Committee Hearing

Mar 20, 2025

8:07 AM

Tax Policy: Income Tax Subcommittee Hearing

History

Mar 21, 2025

House

Rule 19(a) / Re-referred to Rules Committee

Mar 6, 2025

House

To Tax Policy: Income Tax Subcommittee

Mar 4, 2025

House

Assigned to Revenue & Finance Committee