SBAC Events Calendar

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Upcoming SBAC Events

Contact Us

Small Business
Advocacy Council

20 S. Clark, Suite 500
Chicago, IL 60603
Office: (312) 548-8608
Fax: (312) 372-7076
Email Us

Legislation

HB 2705 - UNEMP TAX PAY QUARTERLY

HB 2705 (Ford) - UNEMP TAX PAY QUARTERLY

Amends the Unemployment Insurance Act. Provides that beginning in 2016, employer contributions shall be paid in quarterly installments.

To view complete text, Click Here.

To view bill status, Click Here.

HB 2331 - UNEMPLOY-BENEFIT CHARGE-60 DAY

HB 2331 (Ford)- UNEMPLOY-BENEFIT CHARGE-60 DAY

Amends the Unemployment Insurance Act. Provides that an employer shall not be subject to benefit charges resulting from payments made to a claimant unless the claimant was employed for 60 (rather than 30) days.

To view complete text, Click Here.

To view bill status, Click Here.

HB 1336 – EDGE Econ Development Board

HB 1336 (Franks) – EDGE Econ Development Board

Amends the Illinois Economic Development Board Act and the Economic Development for a Growing Economy Tax Credit Act to provide that EDGE Agreements are subject to the approval of the Illinois Economic Development Board (instead of the Illinois Business Investment Committee). Provides that the Illinois Business Investment Committee is dissolved on the effective date of the amendatory Act and all duties and responsibilities of the Committee shall be assumed by the Illinois Economic Development Board. Sets forth the membership of the Illinois Economic Development Board. Provides that the Director of Revenue and the Auditor General shall also serve as ex officio members of the Board. Sets forth the powers of the Board. Removes provisions requiring Applicants to make certain capital investments. Changes the duration of the credit from 10 years to 5 years. Provides that the credit may not exceed the lesser of the incremental income tax attributable to the project or $10,000 per New Employee. Provides that no more than $100,000,000 in credits may be awarded in State Fiscal Year 2014 or any State fiscal year thereafter. Makes other changes.

 

To view complete text, Click Here.

To view bill status, Click Here.

HB 65 - LLC FEE SCHEDULE

HB 65 (Ford) – LLC Fee Schedule
Amends the Limited Liability Company Act. Reduces some fees in the fee schedule for limited liability companies filing documents with the Secretary of State to match the fees for similar documents in the fee schedule for corporations. Effective immediately.

To view complete text, Click Here.

To view bill status, Click Here.

Section 5. The Limited Liability Company Act is amended by changing Section 50-10 as follows:
(805 ILCS 180/50-10)
Sec. 50-10. Fees.
The Secretary of State shall charge and collect in accordance with the provisions of this Act and rules promulgated under its authority all of the following:
(1) Fees for filing documents.
(2) Miscellaneous charges.
(3) Fees for the sale of lists of filings and for
copies of any documents.