SB2005 - 104th General Assembly (2025-2026)
SMALL BUSINESS INCENTIVES
Last Action
6/02/2025 - Senate: Rule 3-9(a) / Re-referred to Assignments
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Small Business Economic Incentive Act. Provides that at least 50% of the dollar value of all economic incentives awarded to businesses by the State or by any State agency on or after January 1, 2026 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2026.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/06/2025 | Senate | Filed with Secretary by Sen. Laura M. Murphy |
| 2/06/2025 | Senate | First Reading |
| 2/06/2025 | Senate | Referred to Assignments |
| 2/13/2025 | Senate | Added as Chief Co-Sponsor Sen. Willie Preston |
| 2/14/2025 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 2/21/2025 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
| 2/24/2025 | Senate | Added as Co-Sponsor Sen. Laura Fine |
| 2/25/2025 | Senate | Assigned to Appropriations |
| 3/05/2025 | Senate | Added as Co-Sponsor Sen. Bill Cunningham |
| 3/21/2025 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2025 |
| 4/11/2025 | Senate | Rule 2-10 Committee Deadline Established As May 9, 2025 |
| 5/09/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 |
| 5/23/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 |
| 6/02/2025 | Senate | Rule 3-9(a) / Re-referred to Assignments |