IllinoisHB1372104th General Assembly (2025–2026)House

SMALL BUSINESS INCENTIVES

Sponsored By: Kimberly Du Buclet (Democratic)

In Committee

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, 2026 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2026.

small business, technology innovation, and entrepreneurship

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kimberly Du Buclet

    Democratic • House

Cosponsors

  • Martin McLaughlin

    Republican • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  2. Added Co-Sponsor Rep. Martin McLaughlin

    3/17/2025House
  3. Assigned to Small Business, Technology Innovation, and Entrepreneurship Committee

    2/11/2025House
  4. Referred to Rules Committee

    1/28/2025House
  5. First Reading

    1/28/2025House
  6. Filed with the Clerk by Rep. Kimberly Du Buclet

    1/15/2025House

Bill Text

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