# Illinois SB2005: SMALL BUSINESS INCENTIVES

Illinois SB2005, SMALL BUSINESS INCENTIVES, is a 104th General Assembly (2025–2026) Senate bill sponsored by Laura M. Murphy (Democratic); status in committee, last action 2025-06-02 (Rule 3-9(a) / Re-referred to Assignments) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB2005-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB2005
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: SMALL BUSINESS INCENTIVES
- Status: in committee
- Chamber: Senate
- Introduced: 2025-02-06
- Last action: 2025-06-02, Rule 3-9(a) / Re-referred to Assignments
- Sponsor: Laura M. Murphy (Democratic)
- Cosponsors: 5
- Subjects: assignments, appropriations
- Touches household money: no
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Laura M. Murphy (Democratic), Senate
- Cosponsor: Adriane L. Johnson (Democratic), Senate
- Cosponsor: Bill Cunningham (Democratic), Senate
- Cosponsor: Laura Fine (Democratic), Senate
- Cosponsor: Mattie Hunter (Democratic), Senate
- Cosponsor: Willie Preston (Democratic), Senate

## Actions (14)

- 2025-06-02: Rule 3-9(a) / Re-referred to Assignments (Senate)
- 2025-05-23: Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 (Senate)
- 2025-05-09: Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 (Senate)
- 2025-04-11: Rule 2-10 Committee Deadline Established As May 9, 2025 (Senate)
- 2025-03-21: Rule 2-10 Committee Deadline Established As April 11, 2025 (Senate)
- 2025-03-05: Added as Co-Sponsor Sen. Bill Cunningham (Senate)
- 2025-02-25: Assigned to Appropriations (Senate)
- 2025-02-24: Added as Co-Sponsor Sen. Laura Fine (Senate)
- 2025-02-21: Added as Co-Sponsor Sen. Mattie Hunter (Senate)
- 2025-02-14: Added as Co-Sponsor Sen. Adriane L. Johnson (Senate)
- 2025-02-13: Added as Chief Co-Sponsor Sen. Willie Preston (Senate)
- 2025-02-06: Referred to Assignments (Senate)
- 2025-02-06: First Reading (Senate)
- 2025-02-06: Filed with Secretary by Sen. Laura M. Murphy (Senate)

## Bill text

- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2005.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2005.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-SB2005-2025-2026 (as of 2026-11-01).