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.
Legislation to Help Black Owned Businesses Receive a Fair Share of State Contracts
READ H.B 2629 HERE TAKE ACTION Black Owned Businesses Deserve Access to Government Contracts Illinois has failed Black and African American owned businesses by failing to provide them access to state contracts. For too long, they have been denied a fair share of state contracts and revenue. Legislation has been filed to ensure Black and…
Small Business Community Provides Senator Murphy Crucial Input on Business Interruption Grants
CHICAGO, IL – Senator Laura Murphy conducted a meeting with the Small Business Advocacy Council, small business owners and local chamber executives to discuss their experiences with Business Interruption Grants. Many attendees expressed concern and frustration regarding the manner by which BIG grants were awarded. Communication breakdowns impacted small businesses and left them hanging in…
Meet the SBAC Interns – an integral part of the SBAC Team.
Meet the SBAC Interns – an integral part of the SBAC Team. In 2020, we were fortunate to have more than 15 interns supporting our small business initiatives at the SBAC. Hear why they chose to be part of the SBAC Community. And thank you to them all. Please translate this page to…
