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Creates the Small Business Economic Incentive Act. Provides that at least 50% of the dollar value of all economic incentives awarded to businesses by the State or by any State agency on or after January 1, 2026 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2026.
Introduced
Jan 28, 2025
Last Action
Mar 21, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Martin McLaughlin
Assigned to Small Business, Technology Innovation, and Entrepreneurship Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Kimberly Du Buclet
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee
Martin McLaughlin