· IL legislature · 104th

SMALL BUSINESS INCENTIVES

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.

Sponsor

Kimberly Du Buclet (D-IL)

Introduced

2025-01-15

Policy area

Commerce

Latest action

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