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IL HB4869

Bill

Official Source

Status

Introduced

2/3/2026

Primary Sponsor

Amy Elik

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Qualified small businesses may claim an income tax credit equal to amounts paid for advertising with local news organizations, up to $2,500 per taxpayer per year
  • Eligible businesses must be independently owned with 50 or fewer full-time employees or gross less than $4,000,000 annually, and located within 25 miles of the local news organization
  • Qualified advertising includes newspaper, television, billboard, and other digital or print media placements that promote the small business
  • Total credits awarded statewide are capped at $3,000,000 per calendar year, distributed on a first-come, first-served basis
  • Credit applies to taxable years beginning January 1, 2027 through January 1, 2032, and cannot reduce tax liability below zero

Legislative Description

INC TX-LOCAL MEDIA

Last Action

Referred to Rules Committee

2/6/2026

Committee Referrals

Rules2/6/2026

Full Bill Text

No bill text available