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.
SBAC Advocacy Newsletter 8.13.21
Dear Small Business Advocates, We understand that the Delta variant is causing increasing concern and uncertainty for the small business community. Rest assured, we will continue fighting for policies that proactively address the challenges presented by the resurgence of the pandemic. Click on the link below to read more on our work on: Back to…
Illinois Announces Back To Business Grant Program – SBAC Testifies at Joint Committee Hearing
Back to Business Grant Program AUG 13th – The Illinois Department of Commerce and Economic Opportunity launched the Back to Business grant program for struggling small businesses on Wednesday. On August 12th, the SBAC participated in a joint Illinois Senate hearing to learn more about the program. We explained how important it is for the…
How small businesses are being impacted by the rise in COVID-19 cases
Elliot Richardson, co-founder and president of the Small Business Advocacy Council, joins Anna Davlantes to talk about how small businesses are being impacted by the Delta variant and COVID-19 cases rising around the country. Has there been enough support to keep our small businesses running throughout the pandemic? Please translate this page to the language of…
