The SBAC provides small businesses with a powerful and unified voice at the local, state, and federal levels. Once enacted, the state and federal reforms below will dramatically improve the small business climate in Illinois.
Small Business
Health Insurance Agenda
Small businesses are having an increasingly challenging time offering quality and affordable health insurance to their employees. The SBAC has formulated a comprehensive policy agenda to reduce health insurance costs for small employers and entrepreneurs.
Small Business
Property Taxes Agenda
Illinois has the nation’s highest effective property tax rate. Property taxes place a huge burden on small business owners and their employees, particularly those in disinvested communities. Two of our proposals would reduce the property tax burden for Illinois taxpayers.
Small Business Job Creation Tax Credit
This legislation will reinstate a popular $2,500 tax credit for small businesses that hire net new employees. This credit will create jobs, foster economic development, and provide stimulus to businesses who have difficulty accessing existing economic incentives.
Small Business State Contracting Act
This legislation will create a transparent scoring system for awarding small business contracts and will require state agencies to uniformly advertise all small business set-aside contracts. These changes will help small businesses win their fair share of state contracts.