SB 2791 Illinois Senate · 103rd Regular Session

SMALL BUSINESS INCENTIVES

Summary

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, 2025 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2025.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2024

Committee Review

Floor Vote

Governor

Introduced Jan 17, 2024 Last action Sep 30, 2024

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 17, 2024

Committee

Rule 3-9(a) / Re-referred to Assignments

lower

Apr 5, 2024

Lower · Passed

Rule 2-10 Committee Deadline Established As May 3, 2024

lower

Mar 15, 2024

Lower · Passed

Rule 2-10 Committee Deadline Established As April 5, 2024

lower

Jan 31, 2024

Committee

Assigned to Appropriations

lower

Jan 17, 2024

Committee

Referred to Assignments

lower

1 primary · 13 co-sponsors

Sponsors

Role

Legislator

Party

State

District