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February 8, 2019
This Week in Illinois
Both the House and Senate returned to Springfield this week for legislative session. While several bills were posted to committees for the week, the minimum wage debate in the Senate dominated the legislative action. Next week, the House is the only chamber scheduled for session.
$15 MINIMUM WAGE PASSES SENATE
The Senate approved
SB 1 (Lightford) by 39-18. The bill would increase the minimum wage for those above the age of 18 from $8.25 (current) to:
-$9.25 by January 1, 2020
-$10.00 by July 1, 2020
-$11.00 by January 1, 2021
-$12.00 by January 2022
-$13 by January 2023
-$14 by January 2024
-$15 by January 2025.
The bill would also make similar increases for those under 18 with the final wage being $13 per hour by 2025.
The bill includes a tax credit for employers with less than 50 employees. However, as drafted, the credit is not as straightforward as it is being sold. The Chamber remains opposed. We are expecting the Senate to put SB 1 up for a vote in the House this week. Members are encouraged to reach out to their lawmakers and urge them to vote NO on any minimum wage increase that does not include employer protections. Members can reach their legislators by either writing or calling their offices here.
TOBACCO 21 MOVES TO SECOND READING
SB 21
(Morrison) passed favorably out of the Senate Public Health Committee 8-4-0 and is now on second reading in the Senate. This bill would increase the minimum purchasing age for tobacco products in Illinois to 21. The Chamber is opposed.
RENT CONTROL SUBJECT MATTER HEARING
The House Judiciary Committee held a subject matter hearing on
HB 255
(Guzzardi). This bill would repeal the Rent Control Preemption Act. The Illinois Chamber is opposed to this proposal.
BILL SEEKS TO REMOVE IL FROM WATER'S EDGE
Fair Economy Illinois held a press conference to introduce a revenue package, including
HB 2085
(Harris) and
SB 1115
(Steans) that purport to close offshore tax havens.
Illinois legislation adopted 10 years ago amended the Illinois Income Tax Act to bring back this income earned offshore.The bills change the Illinois Income Tax Act to reinstate a flawed way of apportioning the income of corporations that was rejected by Illinois in 1984. This concept, 'world-wide combination', was thoroughly analyzed by a working group of the U.S. Treasury Department consisting of representatives of the federal government, states, and businesses. In 1984, Illinois joined the overwhelming majority of states in adopting the 'water's-edge' system in place today.
The Chamber believes the bill is an attempt to address a problem that doesn't exist and is opposed.
TRANSPORTATION LISTENING TOUR
The Senate Transportation and Appropriations committees will be forming subcommittees and do a series of public meetings around the state to talk about infrastructure investment ahead of the capital bill. If you would like more details as they emerge contact
Rebecca Mason at:
[email protected]
.
Chamber Day
Registration for Illinois Chamber Day on March 20th is now open.
Second Annual Women in Business Conference
The Illinois Chamber of Commerce is hosting its second Women in Business conference on March 15th, 2019 at Pinstripes in Oak Brook, IL. The event will bring together business leaders from across the State to encourage women to invest in themselves, become courageous leaders, and be a force in their careers.
Members are encouraged to check our calendar for events and conferences throughout the year.
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February 8, 2019
This Week in Illinois
Both the House and Senate returned to Springfield this week for legislative session. While several bills were posted to committees for the week, the minimum wage debate in the Senate dominated the legislative action. Next week, the House is the only chamber scheduled for session.
$15 MINIMUM WAGE PASSES SENATE
The Senate approved
SB 1 (Lightford) by 39-18. The bill would increase the minimum wage for those above the age of 18 from $8.25 (current) to:
-$9.25 by January 1, 2020
-$10.00 by July 1, 2020
-$11.00 by January 1, 2021
-$12.00 by January 2022
-$13 by January 2023
-$14 by January 2024
-$15 by January 2025.
The bill would also make similar increases for those under 18 with the final wage being $13 per hour by 2025.
The bill includes a tax credit for employers with less than 50 employees. However, as drafted, the credit is not as straightforward as it is being sold. The Chamber remains opposed. We are expecting the Senate to put SB 1 up for a vote in the House this week. Members are encouraged to reach out to their lawmakers and urge them to vote NO on any minimum wage increase that does not include employer protections. Members can reach their legislators by either writing or calling their offices here.
TOBACCO 21 MOVES TO SECOND READING
SB 21
(Morrison) passed favorably out of the Senate Public Health Committee 8-4-0 and is now on second reading in the Senate. This bill would increase the minimum purchasing age for tobacco products in Illinois to 21. The Chamber is opposed.
RENT CONTROL SUBJECT MATTER HEARING
The House Judiciary Committee held a subject matter hearing on
HB 255
(Guzzardi). This bill would repeal the Rent Control Preemption Act. The Illinois Chamber is opposed to this proposal.
BILL SEEKS TO REMOVE IL FROM WATER'S EDGE
Fair Economy Illinois held a press conference to introduce a revenue package, including
HB 2085
(Harris) and
SB 1115
(Steans) that purport to close offshore tax havens.
Illinois legislation adopted 10 years ago amended the Illinois Income Tax Act to bring back this income earned offshore.The bills change the Illinois Income Tax Act to reinstate a flawed way of apportioning the income of corporations that was rejected by Illinois in 1984. This concept, 'world-wide combination', was thoroughly analyzed by a working group of the U.S. Treasury Department consisting of representatives of the federal government, states, and businesses. In 1984, Illinois joined the overwhelming majority of states in adopting the 'water's-edge' system in place today.
The Chamber believes the bill is an attempt to address a problem that doesn't exist and is opposed.
TRANSPORTATION LISTENING TOUR
The Senate Transportation and Appropriations committees will be forming subcommittees and do a series of public meetings around the state to talk about infrastructure investment ahead of the capital bill. If you would like more details as they emerge contact
Rebecca Mason at:
[email protected]
.
Chamber Day
Registration for Illinois Chamber Day on March 20th is now open.
Second Annual Women in Business Conference
The Illinois Chamber of Commerce is hosting its second Women in Business conference on March 15th, 2019 at Pinstripes in Oak Brook, IL. The event will bring together business leaders from across the State to encourage women to invest in themselves, become courageous leaders, and be a force in their careers.
Members are encouraged to check our calendar for events and conferences throughout the year.
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