Legislation To Get People Back To Work
State Representative Gong-Gershowitz has filed the RISE Act. This legislation will get people back to work and support small businesses. The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.
Businesses with under 500 employees will receive a $2,500.00 tax credit for retraining and hiring a new employee. Businesses with under 100 employees will receive a $5,000.00 tax credit. An additional tax incentive of $500.00 will be provided if the business is in a disproportionately impacted area (DIA) or if the person being hired resides in a DIA.
Getting people back to work will replace unemployment payments with tax revenue. It will support small businesses and stimulate the economy. Most importantly, this will get people back to work.
Please take action below to contact your legislators and ask them to sponsor the RISE Act! It only takes a moment!
Saul Ewing Employment Update
SBAC INSIGHTS PAGE January 2024Authored by: David G. Shapiro and Marielle C. MacMinnSBAC Partner, Saul Ewing, provides an update on dubious Employee Retention Credit (ERC) claims – “many of which were made at the urging of aggressive promoters. The IRS is offering a limited-time Voluntary Disclosure Program (VDP) to encourage taxpayers to come forward, allowing…
Chicago Paid Time Off Ordinance Implementation Delayed!
SBAC INSIGHTS PAGE Helpful Resources: View the English webinar on Chicago’s Paid Leave and Paid Sick and Safe Leave Ordinance HERE. View the Spanish webinar on Chicago’s Paid Leave and Paid Sick and Safe Leave Ordinance HERE. Frequently Asked Questions (FAQs) Flyer Informational Flyer View the Proposed PTO Rules Here The City Council has passed…
Join the Small Business Advocacy Council’s District Advocate Program!
Download the District Advocate Program One-Pager PARTNERS Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Interprenet Signature Bank Lexitas Korey Richardson Open One Solutions Byline DoorDash RockyTop Insperity SpeedPro Chicago Loop CVS Empower Next Previous
