The REST Act Supports Small Businesses! (H.R.3725)
The SBAC is strongly supporting legislation filed by Representative Newman designed to cut taxes on entrepreneurs and small businesses across the country. The Relief and Equity for Small Businesses through Tax (REST) Act adjusts Section 199A of the Internal Revenue Code to increase the deduction of qualified business income from 20% to 25% for business owners making less than $100,000 in taxable annual income.
Simply put, this means entrepreneurs that generate less than $100,000 in income will pay fewer taxes so they can grow their businesses.
Read Congresswoman's Marie Newman's Press Release HERE.
Supporting Entrepreneurship
SBAC INITIATIVES PAGE Supporting Entrepreneurship and Economic Development (SEED) Find and Contact Your Elected Officials HERE! Resources & Fact Sheets Expand Download One-Pager
Shop Small, Shop Local: Support Chicago’s Neighborhood Businesses This Holiday Season
SBAC INSIGHTS PAGE Shop Small, Shop Local: Support Chicago’s Neighborhood Businesses This Holiday Season As the holiday season approaches, it’s time to consider the impact of where we shop. Supporting small, local businesses not only helps fuel Chicago’s economy but also strengthens our communities. This year, make a commitment to shop small and explore the…
FY2025 Chicago Budget Hearing Schedule
SBAC INSIGHTS PAGE COMMITTEE ON THE BUDGET & GOVERNMENT OPERATIONS FY2025 Budget Hearing Schedule – Amended Nov 14, 2024 6th Amended Agenda Amended Nov 14, 2024 Download Schedule NOVEMBER Wednesday, November 13th at 10AM NO COMMITTEE MEETING Thursday, November 14th at 10AM NO COMMITTEE MEETING Friday, November 15th at 10AM Chicago Police Department Saturday, November…
