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.
Small Business Grants in Illinois
Financial Growth Opportunities Running a business is hard and small business owners often do not have time to navigate grants, tax credits, and other funding opportunities. We are excited to help. While we cannot cover everything, we will do our best to keep you current on economic incentives that may be available for your business…
Third Fair Chance Cohort
SBAC INSIGHTS PAGE Calling all employers: Third Fair Chance Hiring Cohort launching in Winter 2025! Join the Fair Chance movement and a growing network of business leaders that recognize the benefit of hiring justice-impacted individuals. What we do: We work with companies to hire, retain, and advance justice-impacted talent (who represent 1 in 3 working-age Americans). We get to…
Small Business Job Creation Act
SBAC INITIATIVES PAGE Small Business Job Creation Act Find and Contact Your Elected Officials HERE! Resources & Fact Sheets Expand Download Quick Fact Sheet Download One-Pager View House Bill Language
