IL HB1372 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 15 2025 - 25% progression
Action: 2025-02-11 - Assigned to Small Business, Techology Innovation, and Entrepreneurship Committee
Pending: House Small Business, Tech Innovation, and Entrepreneurship Committee
Hearing: Feb 20 @ 9:00 am in Room 413 Stratton Building
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 15 2025 - 25% progression
Action: 2025-02-11 - Assigned to Small Business, Techology Innovation, and Entrepreneurship Committee
Pending: House Small Business, Tech Innovation, and Entrepreneurship Committee
Hearing: Feb 20 @ 9:00 am in Room 413 Stratton Building
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
SMALL BUSINESS INCENTIVES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-11 | House | Assigned to Small Business, Techology Innovation, and Entrepreneurship Committee |
| 2025-01-28 | House | Referred to Rules Committee |
| 2025-01-28 | House | First Reading |
| 2025-01-15 | House | Filed with the Clerk by Rep. Kimberly Du Buclet |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1372&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/HB/10400HB1372.htm |
