The REST Act Supports Small Businesses! (H.R.3725)
The SBAC is strongly supporting legislation filed by Representative Newman designed to cut taxes on entrepreneurs and small businesses across the country. The Relief and Equity for Small Businesses through Tax (REST) Act adjusts Section 199A of the Internal Revenue Code to increase the deduction of qualified business income from 20% to 25% for business owners making less than $100,000 in taxable annual income.
Simply put, this means entrepreneurs that generate less than $100,000 in income will pay fewer taxes so they can grow their businesses.
Read Congresswoman's Marie Newman's Press Release HERE.
Transforming Vacant Properties into Thriving Small Businesses
SBAC INSIGHTS PAGE The SBAC is thrilled to announce an innovative and important program that will support small businesses and revitalize disinvested Chicago communities. Partnering with Allies for Community Business (A4CB), and with support from We Rise Together: For an Equitable & Just Recovery, we have launched a program that will connect the owners of…
The SBAC Heads to Springfield to Fight for the Small Business Community
Download SBAC Lobby Day Brochure here SBAC INSIGHTS PAGE The Small Business Advocacy Council (SBAC) is gearing up for a crucial visit to the capital on Wednesday, April 10, 2024, as the legislative session commences in our state capital. Building upon the successes of the previous year, we are determined to make significant strides for…
Support Chicago Small Businesses By Reducing Red Tape
Download PDF here SBAC INSIGHTS PAGE SBAC INSIGHTS PAGE
