104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB1725 Introduced , by Rep. Amy Elik SYNOPSIS AS INTRODUCED: 35 ILCS 5/246 new Amends the Illinois Income Tax Act. Provides that a qualified small business may apply to the Department of Commerce and Economic Opportunity for an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for qualified advertising with a local news organization. Provides that the credit may not exceed $2,500 per eligible taxpayer in any taxable year. Provides that the aggregate amount of all tax credits awarded by the Department under the amendatory Act in any calendar year may not exceed $3,000,000. Effective immediately. LRB104 06550 HLH 16586 b A BILL FOR 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB1725 Introduced , by Rep. Amy Elik SYNOPSIS AS INTRODUCED: 35 ILCS 5/246 new 35 ILCS 5/246 new Amends the Illinois Income Tax Act. Provides that a qualified small business may apply to the Department of Commerce and Economic Opportunity for an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for qualified advertising with a local news organization. Provides that the credit may not exceed $2,500 per eligible taxpayer in any taxable year. Provides that the aggregate amount of all tax credits awarded by the Department under the amendatory Act in any calendar year may not exceed $3,000,000. Effective immediately. LRB104 06550 HLH 16586 b LRB104 06550 HLH 16586 b A BILL FOR
104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB1725 Introduced , by Rep. Amy Elik SYNOPSIS AS INTRODUCED:
35 ILCS 5/246 new 35 ILCS 5/246 new
35 ILCS 5/246 new
Amends the Illinois Income Tax Act. Provides that a qualified small business may apply to the Department of Commerce and Economic Opportunity for an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for qualified advertising with a local news organization. Provides that the credit may not exceed $2,500 per eligible taxpayer in any taxable year. Provides that the aggregate amount of all tax credits awarded by the Department under the amendatory Act in any calendar year may not exceed $3,000,000. Effective immediately.
LRB104 06550 HLH 16586 b LRB104 06550 HLH 16586 b
LRB104 06550 HLH 16586 b
A BILL FOR
HB1725LRB104 06550 HLH 16586 b HB1725 LRB104 06550 HLH 16586 b
HB1725 LRB104 06550 HLH 16586 b
1 AN ACT concerning revenue.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Income Tax Act is amended by
5 adding Section 246 as follows:
6 (35 ILCS 5/246 new)
7 Sec. 246. Local business advertising.
8 (a) For taxable years that begin on or after January 1,
9 2026 and begin before January 1, 2031, each taxpayer that is a
10 qualified small business may apply to the Department for a
11 credit against the tax imposed by subsections (a) and (b) of
12 Section 201 in an amount equal to the amount paid by the
13 taxpayer during the taxable year for qualified advertising
14 with a local news organization. The credit may not exceed
15 $2,500 per eligible taxpayer in any taxable year. The
16 aggregate amount of all tax credits awarded by the Department
17 under this Section in any calendar year may not exceed
18 $3,000,000. Credits shall be awarded on a first-come
19 first-served basis until the maximum credit amount is reached.
20 Upon approval of a tax credit award under this Section, the
21 Department shall issue a tax credit certificate to the
22 taxpayer, and the taxpayer shall attach that certificate to
23 the taxpayer's Illinois income tax return.
104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026 HB1725 Introduced , by Rep. Amy Elik SYNOPSIS AS INTRODUCED:
35 ILCS 5/246 new 35 ILCS 5/246 new
35 ILCS 5/246 new
Amends the Illinois Income Tax Act. Provides that a qualified small business may apply to the Department of Commerce and Economic Opportunity for an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for qualified advertising with a local news organization. Provides that the credit may not exceed $2,500 per eligible taxpayer in any taxable year. Provides that the aggregate amount of all tax credits awarded by the Department under the amendatory Act in any calendar year may not exceed $3,000,000. Effective immediately.
LRB104 06550 HLH 16586 b LRB104 06550 HLH 16586 b
LRB104 06550 HLH 16586 b
A BILL FOR
35 ILCS 5/246 new
LRB104 06550 HLH 16586 b
HB1725 LRB104 06550 HLH 16586 b
HB1725- 2 -LRB104 06550 HLH 16586 b HB1725 - 2 - LRB104 06550 HLH 16586 b
HB1725 - 2 - LRB104 06550 HLH 16586 b
1 (b) The credit shall be available only in the taxable year
2 in which the investment is made and shall not be allowed to the
3 extent that it would reduce a taxpayer's liability for the tax
4 imposed by subsections (a) and (b) of Section 201 to less than
5 zero.
6 (c) If the taxpayer is a partnership or a Subchapter S
7 corporation, then the provisions of Section 251 apply.
8 (c) As used in this Section:
9 "Department" means the Department of Commerce and Economic
10 Opportunity.
11 "Local news organization" has the meaning given to that
12 term in the Strengthening Community Media Act.
13 "Qualified advertising" means any advertising with a local
14 news organization for the purpose of promoting the qualified
15 small business, including advertising that appears in a
16 newspaper, on television, on a billboard, or through other
17 digital or print media.
18 "Qualified small business" means an independently owned
19 and operated for-profit entity that (i) has 50 or fewer
20 full-time employees or grosses less than $4,000,000 per year
21 and (ii) is located within a 25 mile radius of a business
22 location of the local news organization.
HB1725 - 2 - LRB104 06550 HLH 16586 b