· 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, 2027 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2027.

Sponsor

Laura Murphy (D-IL)

Introduced

2026-01-13

Policy area

Commerce

Latest action

Rule 2-10 Committee Deadline Established As April 24, 2026