Illinois General Assembly - Bill Status for SB2791
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 Bill Status of SB2791  103rd General Assembly

Short Description:  SMALL BUSINESS INCENTIVES

Senate Sponsors
Sen. Laura M. Murphy, Laura Fine, Mary Edly-Allen, Bill Cunningham, Cristina Castro, Christopher Belt, Michael W. Halpin, Meg Loughran Cappel, Javier L. Cervantes, Mike Porfirio, Patrick J. Joyce, Mike Simmons and Ram Villivalam

Last Action
DateChamber Action
  1/31/2024SenateAssigned to Appropriations

Statutes Amended In Order of Appearance
New Act


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, 2025 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2025.

Actions 
DateChamber Action
  1/17/2024SenateFiled with Secretary by Sen. Laura M. Murphy
  1/17/2024SenateFirst Reading
  1/17/2024SenateReferred to Assignments
  1/23/2024SenateAdded as Co-Sponsor Sen. Laura Fine
  1/30/2024SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
  1/31/2024SenateAssigned to Appropriations
  2/21/2024SenateAdded as Co-Sponsor Sen. Bill Cunningham
  2/27/2024SenateAdded as Co-Sponsor Sen. Cristina Castro
  2/28/2024SenateAdded as Co-Sponsor Sen. Christopher Belt
  2/29/2024SenateAdded as Co-Sponsor Sen. Michael W. Halpin
  3/4/2024SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
  3/5/2024SenateAdded as Co-Sponsor Sen. Javier L. Cervantes
  3/5/2024SenateAdded as Co-Sponsor Sen. Mike Porfirio
  3/5/2024SenateAdded as Co-Sponsor Sen. Patrick J. Joyce
  3/7/2024SenateAdded as Co-Sponsor Sen. Mike Simmons
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  3/22/2024SenateAdded as Co-Sponsor Sen. Ram Villivalam
  4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024

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