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IL SB2792
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Laura Murphy
Click for details
AI Summary
- At least 50% of the dollar value of all state economic incentives must be awarded to businesses with 50 or fewer full-time employees, effective January 1, 2027
- Economic incentives include tax credits and other state-appropriated incentives for job creation, infrastructure improvements, or economic development
- Full-time employee is defined as working at least 30 hours per week or meeting industry-standard full-time requirements
- State agencies must confirm compliance in annual reports and provide supporting data
- Incentives awarded before January 1, 2027 are exempt, even if distributed or used after that date
Legislative Description
SMALL BUSINESS INCENTIVES
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026
3/13/2026
Committee Referrals
Appropriations2/3/2026
Assignments1/13/2026
Full Bill Text
No bill text available