Illinois small businesses employed 2.4 million people, or 46.4% of the private workforce in 2013. Encouraging job growth to our state’s largest economic contributor is vital to ensure economic growth in the state. Under the Small Business Job Creation Tax Credit Act, employers under 50 employees qualify for a tax credit for each new job created encouraging small businesses to create jobs however that act did sunset. We encourage Springfield to bring back this widely used program.
This legislation was filed in the Senate on February 16, 2018, but no further action was taken.
[100th GA Legislation: SB3153]