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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.

Insights Archive

Elliot Richardson’s interview with Lauren Cohn on “Connected to Chicago”

By mrevis@sbacil.org | June 7, 2021

The mayor wants to eliminate red tape for small businesses to help with reopening. Small Business Advisory Council President and Co-Founder Elliot Richardson joins Connected to Chicago” to discuss what can be done.   Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva…

SBAC President: Chicago Politicians Must Choose Small Business Over Politics

By mrevis@sbacil.org | June 4, 2021

SBAC President Elliot Richardson writes in Crain’s Chicago Business that Chicago politicians must choose small businesses over politics and cut needless red tape now.                 Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily Herald…

Post Pandemic Real Estate Trends

By patti@sbacil.org | June 3, 2021

The SBAC presents a webinar on Post-Pandemic real estate trends. Elliot Richardson, President, SBAC Frank Binetti, Inland Bank Steve Horvath, Conlon Commercial Anthony Zeoli, Freeborn & Peters, LLC   Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily Herald Tandem HR Interprenet…

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