Business Advice and Financial Planning

Senate Bill 3840

Topic: 
Medicaid spend-down

(Villivalam, D-Chicago) Amends the Medical Assistance Article of the Illinois Public Aid Code. It provides that a person who uses Medicaid spend-down to qualify for medical assistance may not be eligible for medical assistance if the person does not meet his or her monthly spend-down for six consecutive months. Just introduced. 

To Deduct or Not to Deduct?

February
2020
Article
, Page 18
Figuring out what’s tax deductible, from office coffee to team-building retreats.

Protecting Your Credit After Data Breaches

October
2019
Article
, Page 18
As data breaches occur with more frequency, protecting your credit becomes top of mind.

Public Act 101-430

Topic: 
Human Rights Act

House Bill 252 (Guzzardi, D-Chicago; Castro, D-Elgin) defines “employer” to include any person employing one (instead of 15) or more employees within Illinois during 20 or more calendar weeks within the calendar year of or preceding the alleged violation. Exempts any place of worship. It was signed by the Governor yesterday and will take effect July 1, 2020.

Public Act 101-342

Topic: 
Revised Uniform Unclaimed Property Act

(Sims, D-Chicago; Meyers-Martin, D-Matteson) provides that an heir or agent who files an unclaimed property claim in which the decedent's property does not exceed $100 may submit an affidavit attesting to the heir's or agent's capacity to claim in lieu of submitting a certified copy to verify a claim. The affidavit must be accompanied by a copy of other documentary proof that the State Treasurer requests. Allows the State Treasurer to change the maximum value by administrative rule. Effective August 9, 2019.

Public Act 101-177

Topic: 
Equal Pay Act

(Moeller, D-Elgin; Castro, D-Elgin) makes it unlawful for an employer to require an employee to sign a contract or waiver that would prohibit the employee from disclosing or discussing information about the employee’s wages, salary, benefits, or other compensation. It also makes it unlawful for an employer to seek the wage or salary history—including benefits or other compensation—of a job applicant from any current or former employer unless it is a matter of public record or if the job applicant is a current employee  and is applying for a position with the same current employer. Makes other changes. Takes effect 60 days after it becomes law or March 1, 2020. 

Public Act 101-135

Topic: 
Emancipation of minors

(Welter, R-Morris; McConchie, R-Lake Zurich) deletes language stating that no order of complete or partial emancipation may be entered if there is any objection by the minor’s parents or guardian. Instead, it provides that such an order may be entered if the court finds, in a hearing, that emancipation would be in the minor’s best interests. Effective immediately. 

 

Public Act 101-163

Topic: 
Advance directives

(Morrison, D-Deerfield; Moeller, D-Elgin) requires that the Department of Public Health study the feasibility of creating a statewide registry of advance directives and POLST (practitioner order for life-sustaining treatment) forms. It also allows the various advance directives to be in hard or electronic format under the Illinois Commerce Security Act (5 ILCS 175/5-115).

Effective January 1, 2020.

Public Act 101-48

Topic: 
Illinois Trust Code

(Ann Williams, D-Chicago; Mulroe, D-Chicago) is an Illinois-centric version of the Uniform Trust Code. It is intended to modernize trust law in the State of Illinois, codify common law concepts that currently apply to trusts, and provide uniformity in relation to trust law in other states.  Effective January 1, 2020.

House Bill 834

Topic: 
Equal Pay Act of 2003

(Moeller, D-Elgin; Castro, D-Elgin) amends the Equal Pay Act of 2003 to make it unlawful for an employer to require an employee to sign a contract or waiver that would prohibit the employee from disclosing or discussing information about the employee’s wages, salary, benefits, or other compensation. It also makes it unlawful for an employer to seek the wage or salary history, including benefits or other compensation, of a job applicant from any current or former employer with exceptions if it is a matter of public record or if the job applicant is a current employee and is applying for a position with the same current employer. Makes other changes. Sent to the Governor and would take effect 60 days after it becomes law (March 1, 2020).