SB 2005

  • Illinois Senate Bill
  • 104th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Small Business Incentives

Abstract

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.

Bill Sponsors (6)

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Actions


Jun 02, 2025

Senate

Rule 3-9(a) / Re-referred to Assignments

May 23, 2025

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

May 09, 2025

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

Apr 11, 2025

Senate

Rule 2-10 Committee Deadline Established As May 9, 2025

Mar 21, 2025

Senate

Rule 2-10 Committee Deadline Established As April 11, 2025

Mar 05, 2025

Senate

Added as Co-Sponsor Sen. Bill Cunningham

Feb 25, 2025

Senate

Assigned to Appropriations

Feb 24, 2025

Senate

Added as Co-Sponsor Sen. Laura Fine

Feb 21, 2025

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Feb 14, 2025

Senate

Added as Co-Sponsor Sen. Adriane Johnson

Feb 13, 2025

Senate

Added as Chief Co-Sponsor Sen. Willie Preston

Feb 06, 2025

Senate

Filed with Secretary by Sen. Laura M. Murphy

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

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Sources

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