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.
Support Outdoor Dining in Chicago
Download the Outdoor Dining FACT SHEET Prompt Action Needed to Support Outdoor Dining in Chicago Chicago’s neighborhood restaurants suffered greatly during the pandemic. When people were unable to gather indoors at restaurants, outdoor dining became the viable alternative. Chicago policymakers took action to provide restaurants with more flexibility and to build on the popularity of…
Legislation Focused on Reducing Health Insurance Premiums of Small Businesses
View and Download the SBAC FACT SHEET Legislation Focused on Reducing Health Insurance Premiums of Small Businesses Passes! Governor Pritzker signed legislation focused on protecting small businesses from excessive premium increases and increasing transparency so that consumers can understand the cost drivers of health insurance. This legislation will apply to health insurance plans beginning in…
SBAC Legislative Agenda 2023
2023 SBAC Lobby Day in Springfield SBAC Legislative Agenda 2023 The Small Business Advocacy Council (SBAC) is laser-focused on formulating and fighting to pass policies that support small businesses and local communities. The SBAC’s 2023 agenda includes legislation that will support small businesses struggling to hire and retain employees and stabilize the costs of health…
