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.
IACCE Chamber Call with Senate President Harmon
IACCE Chamber Call with Senate President Harmon The SBAC and Illinois Association of Chamber of Commerce Executives hosted Senate President Harmon, Senator Castro and Senator Sims for a broad discussion about how the small business community and Illinois Senate can work together. There has never been a more important time to advocate for the small…
What Small Business Needs to Make It Through
What small business needs to make it through An advocate has advice and a forecast for the sector as entrepreneurs navigate a pandemic that remains in flux. This week Chicago Comes Back welcomes Elliot Richardson, co-founder and president of the Small Business Advocacy Council, an organization dedicated to advocating for small businesses in Illinois. We…
Big win for small businesses!
SBAC Applauds Mayor Lightfoot and City Council For Providing Small Businesses a Big Win For Immediate Release July 21, 2021 Statement by Small Business Advocacy Council (SBAC) President Elliot Richardson: The SBAC and a robust coalition of business and community organizations have been fighting to reduce the time it takes for small businesses to obtain…
