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SBAC Successes

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It's no secret that small businesses unite the community. And the SBAC’s non-partisan advocacy work continues to shape local, state and federal legislation for small businesses. We are proud to highlight a few of our successful advocacy efforts and proven track record of providing non-partisan solutions to help the small business community.

To read more about our current initiatives and how you can join us, click here.

TAX DEDUCTIBILITY OF PPP LOANS

When the CARES Act was originally passed in March of 2020, Congress intended to make PPP loans deductible. However, in April, the IRS published Notice 2020-32 saying that under section 265 of the Internal Revenue Code business expenses paid for from a class of tax-exempt income – a forgiven PPP loan – are taxable. This would have been absolutely devastating for small businesses that were already struggling to stay afloat. Urgently, with the aid of our members and Chamber partners, we used our voice in the nationwide effort demanding a legislative solution. That solution was reached with Section 276 of The Consolidated Appropriations Act 2021. This amended the original CARES Act to clarify that PPP loans are in fact tax-deductible – a major victory for the grassroots effort to save small businesses.

CHAMBER ADVOCACY

While the complex situation on the tax deductibility of PPP loans is where most small business owners focused their legislative concerns, we understood the unique role 501(c)6 organizations - local Chambers of Commerce - play in the advancement of small business oriented interests. Chambers are often the first stop business owners and entrepreneurs make when looking for help. When the pandemic hit and 501(c)6 organizations were excluded from all legislative relief efforts, we immediately galvanized support. In our letter to the IL congressional delegation, we assembled 58 chambers of commerce, from all across the state, behind one unified message. This is a true testament to our ability to tailor our advocacy initiatives in the most non-partisan and effective manner.

LLC FEE REDUCTION

The SBAC fought vehemently to pass legislation in 2017 that reduced LLC (limited liability corporations) fees in Illinois, which were among the highest in the nation. Prior to the passing of the bill, SB 867, small business owners, who make up 98% of all businesses in the state of Illinois, were being disincentivized from forming LLCs due to the excessive cost to form as a corporation or to file in other states. By lowering LLC fees from $500 to $150, small entrepreneurs are more likely to launch new businesses, creating new growth opportunities for the state. SB 867 was supported by legislators on both sides of the aisle as well as over 50 trade and business organizations.

LIQUOR LICENSING

The Small Business Advocacy Council and various city chambers supported ordinance 02018-7001. The ordinance made conforming changes to the previously enacted state legislation, SB2436, which grants localities the authority to issue exemptions to the 1934 Illinois Liquor Control Law prohibiting restaurants located within a 100 feet of a church, school, hospital and certain other building from serving alcohol to their guests. The ordinance grants authority and sets forth a process for the Local Liquor Control Commissioner to issue a liquor license to the applicant restaurant.  While also leaving an outlet for aldermanic objections. The adoption of the ordinance has made it easier for restaurants and bars to make a profit in areas previously prohibited from serving alcohol.

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Business Interruption Grant Program

By mrevis@sbacil.org | February 15, 2021

IL – Many small and local businesses were devastated by the pandemic but only 20% of applicants received Illinois Business Interruption Grants.  Watch coverage of SBAC President Elliot Richardson testifying before the Illinois Senate Commerce Commission about the need for an improved and more inclusive process in the future.   Please translate this page to…

Minority Contracting Reform

By mrevis@sbacil.org | January 8, 2021

QUICK FACT SHEET RECOMMENDATION FOR LEGISLATION Illinois has failed many Black and/or African American owned businesses because they have been unable to procure their fair share of government contracts or receive a fair share of the revenue associated with government contracts. This proposed legislation makes the reforms necessary to ensure that Black and/or African American…

Congress Must Provide Relief to Local Chambers and Business Organizations

By jamie@sbacil.org | December 4, 2020

Congress Must Provide Relief to Local Chambers and Business Organizations Local chambers of commerce and business organizations provide crucial support to the small business community.  It is imperative that Congress provide them with the support needed so they can make it through these unprecedented times and help local businesses recover from the pandemic.  Over 50…

Property Tax Reform Platform

By patti@sbacil.org | December 1, 2020

QUICK FACT SHEET The state of Illinois has the second highest property taxes in the nation. Illinois has 6,918 local units of government as of the latest Census Bureau data, more than any state in the nation. Redundant government entities and a flawed assessment model contribute disproportionately high property taxes. The Small Business Advocacy proposes…

Urge Politicians to Make PPP Loans Deductible

By steve@sbacil.org | November 24, 2020

ACTION CALL: Urge Politicians to Make PPP Loans Deductible to Support Small Businesses The Paycheck Protection Program Flexibility Act of 2020, or PPP, was passed in order to provide small businesses across the United States crucial relief during widespread government shutdowns due to the COVID-19 pandemic. These loans can be forgivable when proceeds are used…

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