New Illinois laws that could impact your wallet in 2025
CHICAGO - Several new laws will go into effect tomorrow in Illinois, potentially impacting residents financially in the New Year.
Here's a look at what takes effect on Jan. 1:
Minimum wage law
The minimum wage in the state will increase to $15 per hour on Jan. 1, 2025, more than five years after the state legislature passed a law to gradually increase the rate.
Prior to 2020, the state’s minimum wage was $8.25 for about a decade and was steadily increased to top out at $15 an hour this year.
Cook County’s minimum wage also increased to $15 per hour on Jan.1, while tipped employees will see an increase to $9 per hour.
Pay transparency
Starting in the new year, larger employers will be required to include information on the pay scale for any job posting. The new law, which amends the state’s Equal Pay Act, applies to an employer with 15 or more employees.
Pay stub requirement
Starting January 1, 2025, Illinois employers must provide detailed pay stubs to employees each pay period under Public Act 103-0953. The pay stubs must include hours worked, pay rates, overtime, and deductions, offering workers greater transparency about their earnings. Employers are also required to keep copies for three years, with employees entitled to request them up to twice annually.
Permit fee waiver for disabled vets
In 2025, a veteran with a disability or the veteran's caregiver won't have to pay a building permit fee for improvements to the home of the veteran.
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New Illinois laws take effect on Jan. 1, 2025
With a new year coming, that means several new laws are going into effect starting on Jan. 1, 2025.
Tap here for a full list of laws going into effect in the Land of Lincoln in 2025.