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 Update
October 10, 2023 The SBAC continues fighting for policies that will support small businesses and neighborhood business districts. Here are some updates on our efforts! Health Insurance The rising cost of health insurance continues to be a challenge for the small business community. Last spring the SBAC championed legislation focused on reducing premiums for small…
SBAC Oktoberfest ’23
Oktoberfest war ganz Spaß! (Oktoberfest was really fun!) If you missed our event and would like to contribute to the SBAC, please click on the button to the right. The SBAC works diligently to advance policies that support small businesses, their employees and the revitalization of neighborhoods. ***The Small Business Advocacy Council has been determined…
Chicago Neighborhood Revitalization Caucus
This is a crucial time for lawmakers to support policies that will revitalize neighborhood business districts and support Chicago small businesses. Therefore, we have formed a neighborhood revitalization caucus where politicians from various facets of government can come together, collaborate with stakeholders, and work to revitalize local economies. We are very thankful to the following…
