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HB 5624

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: February 13, 2026.

$DCEO-GRANT-EMPLOYEE OWNERS.

Bill ID IL-104-HB-5624
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2026-02-13
Business / Commerce Education Labor / Employment Tax / Budget / Appropriations
Summary

Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Illinois Center for Employee Ownership for the purpose of expanding education, outreach, and technical assistance related to employee ownership transitions and supporting small businesses in evaluating and pursuing succession through employee ownership. Effective July 1, 2026.

Sponsor
Jawaharial Williams
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-13 Introduced Bill introduced
2026-02-13 Status in_committee
2026-02-13 Latest Action 2/13/2026 - House:
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