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.
Let’s Transform Vacant Properties Into Thriving Small Businesses
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SBAC Testimonials
The SBAC has significantly impacted the small business community since 2010. From reducing LLC fees to championing legislation focused on reducing premiums for small businesses and increasing transparency to understand better what drives health insurance costs. Our mission has always been to fight alongside small business advocates to enact policies that support small businesses, their…
Words from Our Partners: Woodlawn Chamber of Commerce
The Small Business Advocacy Council and a coalition of engaged stakeholders have come together to revitalize, empower, and connect commercial corridors in Cook County in an effort to bring our community. In the Words from Our Partners Series, our coalition partners share their thoughts on our efforts to revitalize, empower and connect business districts. Dr.…
