IllinoisSB2005104th General Assembly (2025–2026)Senate

SMALL BUSINESS INCENTIVES

Sponsored By: Laura M. Murphy (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.

assignmentsappropriations

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Laura M. Murphy

    Democratic • Senate

Cosponsors

  • Adriane L. Johnson

    Democratic • Senate

  • Bill Cunningham

    Democratic • Senate

  • Laura Fine

    Democratic • Senate

  • Mattie Hunter

    Democratic • Senate

  • Willie Preston

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    6/2/2025Senate
  2. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

    5/23/2025Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  4. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  5. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  6. Added as Co-Sponsor Sen. Bill Cunningham

    3/5/2025Senate
  7. Assigned to Appropriations

    2/25/2025Senate
  8. Added as Co-Sponsor Sen. Laura Fine

    2/24/2025Senate
  9. Added as Co-Sponsor Sen. Mattie Hunter

    2/21/2025Senate
  10. Added as Co-Sponsor Sen. Adriane L. Johnson

    2/14/2025Senate
  11. Added as Chief Co-Sponsor Sen. Willie Preston

    2/13/2025Senate
  12. Referred to Assignments

    2/6/2025Senate
  13. First Reading

    2/6/2025Senate
  14. Filed with Secretary by Sen. Laura M. Murphy

    2/6/2025Senate

Bill Text

Related Bills

Back to State Legislation