News & Analysis as of

Illinois Regulatory Reform

Sheppard Mullin Richter & Hampton LLP

Illinois Delays Interchange Fee Ban by One Year

On June 1, the Illinois General Assembly passed a bill that, if enacted, will delay the effective date of the Interchange Fee Prohibition Act by one year, from July 1, 2025, to July 1, 2026. The law prohibits financial...more

McGuireWoods Consulting

Corporate Tax Changes In Illinois FY 2026 Budget Package

The 2025 regular session of the Illinois General Assembly adjourned on June 1, 2025. The General Assembly passed a fiscal year (FY) 2026 budget package which includes corporate tax changes that will significantly impact...more

Orrick, Herrington & Sutcliffe LLP

Illinois amendment to delay the effective date of its Interchange Fee Prohibition Act passes both chambers

On May 31, the Illinois General Assembly passed legislation to defer the effective date of the Interchange Fee Prohibition Act by one year until July 1, 2026. As previously covered by InfoBytes, Illinois originally enacted...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (3/17)

Cozen O'Connor on

Illinois eyes taxing drivers by the mile rather than by the gallon of gas- “Under proposed legislation, Illinois would explore the viability of reducing reliance on the state’s gas tax by putting in place a “road usage...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/10)

Cozen O'Connor on

Judge declines to extend ‘swipe fee’ injunction to credit unions, applies it to out-of-state banks - “A federal judge on Thursday declined to issue an injunction to stop an Illinois law that bans certain credit card fees...more

Sheppard Mullin Richter & Hampton LLP

BIPA Reform Watch – Illinois Legislature Eliminates “Per-Scan” Damages

For the first time since 2008, BIPA reform is in the air. On May 16, 2024, the Illinois House of Representatives overwhelmingly approved Senate Bill 2979, which paves the way for final passage to Governor J.B. Pritzker’s...more

Troutman Pepper Locke

Illinois Expands Health Care Transaction Oversight

Troutman Pepper Locke on

On August 11, Illinois Governor J.B. Pritzker signed House Bill 2222 (Public Act 103-0526) into law — bolstering Illinois’ antitrust prevention efforts by expanding the oversight purview of its Attorney General’s (AG) office...more

Franczek P.C.

New Law Allows School Districts to Enter Design-Build Contracts

Franczek P.C. on

Governor Pritzker recently signed P.A. 103-0491 (previously SB 1570) into law, which will allow school districts to enter into design-build contracts—as opposed to the currently available design-bid-build delivery...more

Goldberg Segalla

Punitive Damages Now Allowed in Illinois Wrongful Death Cases

Goldberg Segalla on

Key Takeaways - Illinois Gov. J.B. Pritzker has signed into law HB 219 to allow punitive damages to be recoverable in wrongful death and survival actions. Punitive damages are now recoverable in wrongful death claims on...more

Franczek P.C.

Illinois Passes New Law Increasing the Competitive Bidding Threshold for Schools

Franczek P.C. on

This month, Governor Pritzker signed Public Act 103-0008 (House Bill 3817) into law, which establishes the Budget Implementation Act for fiscal year 2024. While there are a multitude of amendments to the Act, one significant...more

DCI Consulting

Illinois Publishes Administrative Rules Regarding Equal Pay Registration Certificate

DCI Consulting on

On January 6, 2023, the State of Illinois published final administrative rules regarding the Equal Pay Registration Certificate that employers must secure. The administrative rules had been published in proposed form in May...more

Franczek P.C.

Governor signs Bill Amending PTELL and School Code on Several School Finance Provisions

Franczek P.C. on

On Monday Governor Pritzker signed into law Public Act 102-0895 (Senate Bill 1975) creating Section 18-190.7 of the Property Tax Code, which modifies how certain school districts and other units of local government can...more

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