IL HB1372 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Bipartisan Bill
Status: Introduced on January 15 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 15 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
SMALL BUSINESS INCENTIVES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-21 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2025-03-17 | House | Added Co-Sponsor Rep. Martin McLaughlin |
| 2025-02-11 | House | Assigned to Small Business, Technology Innovation, and Entrepreneurship Committee |
| 2025-01-28 | House | Referred to Rules Committee |
| 2025-01-28 | House | First Reading |
| 2025-01-15 | House | Filed with the Clerk by Rep. Kimberly Du Buclet |
