Illinois SB 2792: MEDICAID-PAID CAREGIVER PGRAM

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 Full Text of SB2792

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB2792

Introduced 1/13/2026, by Sen. Laura M. Murphy 

SYNOPSIS AS INTRODUCED:

New Act

 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, 2027 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2027.

LRB104 17272 HLH 30694 b

A BILL FOR

SB2792LRB104 17272 HLH 30694 b

1 AN ACT concerning State government.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. Short title. This Act may be cited as the Small 

5Business Economic Incentive Act.

6 Section 5. Definitions. As used in this Section:

7 "Economic incentive" means tax credits or other economic 

8incentives appropriated by the State and awarded or 

9distributed to businesses for the purpose of job creation, 

10infrastructure improvements, or economic development.

11 "Full-time employee" means an individual who works for a 

12business for at least 30 hours a week or who renders any other 

13standard of service generally accepted by industry custom or 

14practice as full-time employment.

15 "State agency" has the meaning given to that term in 

16Section 1-7 of the State Auditing Act.

17 Section 10. Economic incentives; businesses with 50 or 

18fewer employees. Notwithstanding any other provision of law, 

19at least 50% of the dollar value of all economic incentives 

20awarded to businesses by the State or by any State agency on or 

21after January 1, 2027 shall be awarded to businesses with 50 or 

22fewer full-time employees. This Act shall not apply to an