Illinois · Senate Bill 2005 · 104th General Assembly

SMALL BUSINESS INCENTIVES

SB 2005 Sponsored by Laura M. Murphy In committee

  1. Introduced Feb 6, 2025
  2. In committee Feb 6, 2025
  3. Passed the Senate Next
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

14 steps, oldest first, as the legislature records them.

Show the 6 earlier steps
  1. SenateFiled with Secretary by Sen. Laura M. Murphy
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. SenateAdded as Chief Co-Sponsor Sen. Willie Preston
  5. SenateAdded as Co-Sponsor Sen. Adriane L. Johnson
  6. SenateAdded as Co-Sponsor Sen. Mattie Hunter
  1. SenateAdded as Co-Sponsor Sen. Laura Fine
  2. CommitteeAssigned to Appropriations · Senate Appropriations
  3. SenateAdded as Co-Sponsor Sen. Bill Cunningham
  4. SenateRule 2-10 Committee Deadline Established As April 11, 2025
  5. SenateRule 2-10 Committee Deadline Established As May 9, 2025
  6. SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
  7. SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
  8. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 5 cosponsors: 5 Democrats.

All 5 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.