2020 Laws Impacting Businesses
As we all plan personally and professionally to bring in a new year, and a new decade, there are tons of new Illinois laws that will have a direct impact on businesses in 2020. With legislation ranging in categories, below are some highlighted new laws that may affect your business, the economic development of Illinois, the environment & energy sector, higher education moving forward and labor.
With legislation stretching across numerous industries the Schaumburg Business Association has identified the most impingement business policies that will take place on January 1st so you can be aware and plan accordingly.
- HB 2528 - Provides that a person operating a home-based business under an assumed name may list the county clerk and its address as the default agent for service of process, to include either a court order or police report.
- HB 2670 - Reduces the restrictions on opening a business for those with past criminal offenses and defines the terms and provides flexibility to various state departments to review the circumstances around past offenses.
- HB 3084 - Requires DCEO to work with the General Assembly, to complete an assessment of its current practices related to its marketing programs administered and the extent to which it assists Illinois residents in the use of programs offered.
- SB 2146 - Requires Department of Commerce and Economic Opportunity to create a Clean Water Workforce Pipeline Program to prepare people for a career in water infrastructure.
- HB 3575 - Creates the Blockchain Technology Act which provides for permitted uses and limitations of blockchain technology in transactions and proceedings and 2) prohibits local governments from imposing taxes or fees and certain restrictions on the use of blockchain.
- SB 1624 - Requires companies that collect personal information concerning Illinois residents report data breaches affecting more than 500 Illinois residents to the Attorney General.
- SB 1529 - Provides that delivery of renewable energy credits can be delayed until June 1, 2022, if the delay in establishing an operating connection with the applicable transmission is due to the distribution providers or unforeseen circumstances.
- HB 2237 - Establishes Illinois Higher Education Savings Program and creates the Illinois Higher Education Savings Program Fund, which will deposit $50 into college savings account for every child born or adopted in Illinois after December 31, 2020, for the purpose of expanding access to higher education. Requires each public university to submit an annual report to the Board of Higher Education on the amount of tuition that undergraduate, degree-seeking students attending the university paid in the previous academic year.
- SB 1919 - Creates the 21st Century Employment Grant Program to support manufacturing, healthcare and innovative technology training programs at community colleges and high schools.
- HB 2304 - Creates the Youth Training and Education in the Building Trades Program with the Department of Human Services and the Illinois Housing Development Authority to train at-risk youth for careers in the building trades.
- HB 3405 - Provides that gratuities to employees are the property of the employees and may not be retained by an employer.
- SB 1899 - Delays what is known as the “speed bump” until 2022, which would decrease unemployment benefits and increase unemployment taxes on employers.
- SB 2024 - Requires the Department of Commerce and Economic Opportunity to conduct a study on the potential expansion of apprenticeship programs and publish it by June 1, 2020.
The following captures just a portion of the business-related policies that will take effect starting January 1st, 2020. As part of the Schaumburg Business Association’s commitment to its pillars, we facilitate these types of policy and governmental affairs updates to provide Resources and Advocacy for our members. If you would like to discuss 2020’s new policies or meet with a state or federal elected official please contact the SBA and we would be happy to integrate your business with policy makers at the locate, state, federal and international level.
To look up more on these new laws, or others going into effect, visit http://www.ilga.gov/.
Posted on Dec, 19
by Christina Cox filed under