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.
The SBAC Small Business Package
THE SMALL BUSINESS PACKAGE Many small and local businesses have been devastated by the COVID-19 pandemic. The Illinois unemployment rate remains high. Illinois politicians can partner with the small business community to enact policies that will help small businesses through this pandemic, reduce unemployment in our state, grow the Illinois workforce and generate revenue. There…
Conversation on Property Taxes with Commissioner Cabonargi
Conversation on Property Taxes with Cook County’s 2nd District Board of Review Commissioner Michael Cabonargi The SBAC hosted Cook County’s 2nd District Board of Review Commissioner Michael Cabonargi and his Chief of Staff Roland Lara to discuss property assessments and tax appeals. It is important to remind small business owners of their right to appeal…
Thank you to all Participants at the SBAC Golf Outing!
Thank you to all who came out to celebrate the SBAC on August 18th, 2021 at Cog Hill. We all had a great time. Miss it? Or just want to relive some memories? Take a gander at our lovely Digital booklet highlighting our volunteers and sponsors. AND – Check out our FB page for all…
