IL SB2005 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 6 2025 - 25% progression
Action: 2025-02-14 - Added as Co-Sponsor Sen. Adriane Johnson
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 6 2025 - 25% progression
Action: 2025-02-14 - Added as Co-Sponsor Sen. Adriane Johnson
Pending: Senate Assignments Committee
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 |
|---|---|---|
| 2025-02-14 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 2025-02-13 | Senate | Added as Chief Co-Sponsor Sen. Willie Preston |
| 2025-02-06 | Senate | Referred to Assignments |
| 2025-02-06 | Senate | First Reading |
| 2025-02-06 | Senate | Filed with Secretary by Sen. Laura M. Murphy |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2005&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/SB/10400SB2005.htm |
