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.
SBAC featured in NBC News
Small Businesses struggle amid the Pandemic The SBAC has long been advocating for relief for Small Businesses since the COVID-19 Pandemic started. Elliot Richardson, President of SBAC was featured in NBC News stating “if there is no government intervention and stimulus relief provided to small businesses, many more will not make it through the winter,”…
SBAC Action Call – Support the R.I.S.E. Act!
Urge Politicians to Help Create Jobs and Support Small Businesses With the resurgence of COVID-19 cases in Illinois, our politicians must act quickly to help those who have lost their jobs or businesses get safely back to work. State Senator Ram Villivalam has filed legislation that will incentivize small businesses to retrain and hire those…
Rebuilding Lives and Businesses Press Conference with A Safe Haven and SBAC
The Small Business Advocacy Council and A Safe Haven have partnered up in the fight to Rebuild Lives and Businesses. The COVID-19 pandemic is causing people to lose their jobs, livelihoods and their homes. The situation is tragic. Small businesses continue to struggle. With winter coming and the pandemic showing no signs of waning, small businesses…
