Skip to content

The REST Act Supports Small Businesses! (H.R.3725)

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.

Archives

Byline Bank Recognizes Small Business Saturday with Small Business Advocacy Council Contribution

By patti@sbacil.org | November 25, 2021

Byline Bank Recognizes Small Business Saturday with Small Business Advocacy Council Contribution CHICAGO, IL (November 2021) – This Small Business Saturday, November 27, Byline Bank, Illinois’ top Small Business Administration lender, is recognizing the work of the Small Business Advocacy Council (SBAC) of Illinois with a $5,000 sponsorship contribution. The SBAC is a nonpartisan member-driven…

Chicago businesses are feeling the effects of supply-chain slowdowns

By patti@sbacil.org | November 24, 2021

“Small businesses are just having a tremendously difficult time getting the supplies that they need to run their business, and, of course, this is even more concerning with the holiday season approaching,” said Elliot Richardson, president of the Small Business Advocacy Council in Chicago. He said the supply-chain problems are impacting all kinds of retailers.…

IACCE Conversation with Speaker of the House, Chris Welch

By patti@sbacil.org | November 23, 2021

The SBAC’s Elliot Richardson had the distinct pleasure of moderating the IACCE – Illinois Association of Chamber of Commerce Executives call with Emanuel Chris Welch and Office of State Representative Carol Ammons last Friday. Watch the entire conversation addressing issues such as Back to Business Grants Workforce Development Unemployment Trust Fund Child Care Tax Credit/Grant…

Scroll To Top