Rep. Barbara Hernandez Fights for Critical Tax Relief for Local Business

SPRINGFIELD, Ill. – The impacts of the COVID-19 pandemic have left many Illinois small businesses searching for financial support to remain open, and new legislation backed by state Rep. Barbara Hernandez, D-Aurora, will help meet that need.

“Local businesses are the bedrock of Illinois’ economy and it would be careless, as well as unfair, to stand by while they cope with the challenges of rebuilding after this pandemic without help,” Hernandez said. “Right now, the last thing small business owners need is a tax burden obstructing their recovery. This law ensures they will get the critical relief they need to keep their businesses strong and our state on the road to a resurgent economy.”

Senate Bill 2531 creates a financial framework for Illinois businesses to lower their tax burden and keep critical revenue they need to help rebuild and grow in coming years. It is one of many steps the legislature has taken to provide aid to Illinois’ economy. This law passed the state House and state Senate unanimously and has been sent to the governor’s desk for signature.

“The COVID-19 pandemic is winding down but our efforts to support people and businesses impacted by it cannot,” Hernandez said. “With unified and extensive recovery efforts, we can surpass pre-pandemic economic strength while creating more good-paying job opportunties for Illinoisans in communities across our state to take advantage of.”