IL HB4571 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-04-12 - Added Co-Sponsor Rep. Cyril Nichols
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-04-12 - Added Co-Sponsor Rep. Cyril Nichols
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, 2025 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2025.
Title
SMALL BUSINESS INCENTIVES
Sponsors
| Rep. Kimberly Du Buclet [D] | Rep. Carol Ammons [D] | Rep. Michelle Mussman [D] | Rep. Nabeela Syed [D] |
| Rep. Justin Slaughter [D] | Rep. Cyril Nichols [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-12 | House | Added Co-Sponsor Rep. Cyril Nichols |
| 2024-04-12 | House | Added Co-Sponsor Rep. Justin Slaughter |
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-04-01 | House | Added Co-Sponsor Rep. Nabeela Syed |
| 2024-03-18 | House | Added Co-Sponsor Rep. Michelle Mussman |
| 2024-03-12 | House | Assigned to Executive Committee |
| 2024-03-07 | House | Added Co-Sponsor Rep. Carol Ammons |
| 2024-01-31 | House | Referred to Rules Committee |
| 2024-01-31 | House | First Reading |
| 2024-01-24 | House | Filed with the Clerk by Rep. Kimberly Du Buclet |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4571&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB4571.htm |
