Illinois General Assembly - Bill Status for SB2005
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 Bill Status of SB2005  104th General Assembly


Short Description:  SMALL BUSINESS INCENTIVES

Senate Sponsors
Sen. Laura M. Murphy - Willie Preston, Adriane Johnson, Mattie Hunter, Laura Fine and Bill Cunningham

Last Action
DateChamber Action
  2/25/2025SenateAssigned to Appropriations

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Small Business Economic Incentive Act. Provides that at least 50% of the dollar value of all economic incentives awarded to businesses by the State or by any State agency on or after January 1, 2026 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2026.

Actions 
DateChamber Action
  2/6/2025SenateFiled with Secretary by Sen. Laura M. Murphy
  2/6/2025SenateFirst Reading
  2/6/2025SenateReferred to Assignments
  2/13/2025SenateAdded as Chief Co-Sponsor Sen. Willie Preston
  2/14/2025SenateAdded as Co-Sponsor Sen. Adriane Johnson
  2/21/2025SenateAdded as Co-Sponsor Sen. Mattie Hunter
  2/24/2025SenateAdded as Co-Sponsor Sen. Laura Fine
  2/25/2025SenateAssigned to Appropriations
  3/5/2025SenateAdded as Co-Sponsor Sen. Bill Cunningham
  3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025

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