Legislation To Get People Back To Work
State Representative Gong-Gershowitz has filed the RISE Act. This legislation will get people back to work and support small businesses. The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.
Businesses with under 500 employees will receive a $2,500.00 tax credit for retraining and hiring a new employee. Businesses with under 100 employees will receive a $5,000.00 tax credit. An additional tax incentive of $500.00 will be provided if the business is in a disproportionately impacted area (DIA) or if the person being hired resides in a DIA.
Getting people back to work will replace unemployment payments with tax revenue. It will support small businesses and stimulate the economy. Most importantly, this will get people back to work.
Please take action below to contact your legislators and ask them to sponsor the RISE Act! It only takes a moment!
Larger Tax Credits for Hiring Formerly Incarcerated Individuals
Download PDF here SBAC INSIGHTS PAGE Illinois Policymakers Take Bold Action to Support Businesses and Foster Opportunities for Formerly Incarcerated Individuals Press Release SBAC INSIGHTS PAGE
Policy Committee Contact Information
Policy Committee Contact Information: Aaron Smith Escapingtheoddspodcast@gmail.com Alona Anspach alona.anspach@ihtwm.com Beth Kregor bkregor@ij.org Cathie Van Wert cathie@doubletakedesign.com Chris Lautenslager chris@get-looped.com Chris Allen callen@wshscpa.com Chuck Scharenberg chuck@moreprofitmorefreedom.com Claudia Thornton director@glenellynchamber.com Danielle Petty DANIELLE@LTCONSULTLLC.COM Dean Alonis Dean.alonis@gmail.com DeRondal Bevly derondal@rubyrosestrategies.com Diana Cafi dcafi@healthproinnovation.com Gina Lipscomb gina@rjlipscomb.com Heather Jones hjones@vopf.com Ian Tobin ian@lincolnsquare.org Isaac Troncoso isaactroncoso5@gmail.com Ivy Walker…
SBAC Advocacy Update
SBAC INSIGHTS PAGE August 6, 2024 We are excited to share some updates about the work we are doing to support the small business community! You can visit our website to learn more about all our advocacy efforts. Enhanced Tax Credit for Hiring Formerly Incarcerated Individuals Last year we championed a law focused on reducing the costs…