Lightford reminds businesses of minimum wage tax credit

SPRINGFIELD – Senate Majority Leader Kimberly A. Lightford (D-Maywood) reminds small businesses to take advantage of the minimum wage credit starting this year. The new tax credit is intended to help small businesses over the next six years as a part of the state’s minimum wage increase plan.

“Keeping small businesses competitive is a priority when increasing the minimum wage,” Lightford said. “I encourage businesses to take full advantage of this tax credit to ease their transition.”

Businesses and nonprofits with 50 full-time employees or less are eligible to offset a portion of the minimum wage increase cost from their withholding income taxes. Eligible businesses can claim this credit by filing Form IL-941, Illinois withholding income tax return, and a new schedule.

The maximum credit amount allowed is 25% of the difference between the new minimum wage and what each employee was paid previously. The percentage allowed each proceeding year will decrease before sunsetting in 2026 for most small businesses.

Illinois’ minimum wage was last raised in 2010 to $8.25. Raising the wage to $15 an hour is estimated to impact 1.4 million Illinoisans, according to the Illinois Economic Policy Institute at the University of Illinois.

Visit the Illinois Department of Revenue’s website tax.illinois.gov for information on how to calculate this credit, as well as additional resources, including IDOR’s withholding income tax Information Bulletin FY2020-13 and frequently asked questions.

Lightford minimum wage increase begins Jan. 1

SPRINGFIELD – Minimum wage earners statewide will see a $1 per hour increase on Jan. 1 under a law spearheaded by Senate Majority Leader Kimberly A. Lightford (D-Maywood) that was signed in February to gradually increase Illinois’ minimum wage to $15 by January 2025.

“Many working families have waited for this increase for almost a decade,” Lightford said. “I stand firmly on the belief that workers deserve a decent wage and I am committed to standing with them as we continue the fight for a living wage.”

The next increases in the law will be implemented as follows:
• $10 per hour on July 1, 2020
• $11 per hour on Jan. 1, 2021
• $12 per hour on Jan. 1, 2022
• $13 per hour on Jan. 1, 2023
• $14 per hour on Jan. 1, 2024
• $15 per hour on and after Jan. 1, 2025

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Illinois Legislative Black Caucus “Get Counted” Bus Tour promotes participation in the 2020 Census across Chicagoland

• Black Caucus
• Census 2020

CHICAGO- Senate Majority Leader and Illinois Legislative Black Caucus Chair Kimberly A. Lightford (D-Maywood) joined her fellow ILBC members, Lt. Gov. Julianna Stratton and other community leaders across Chicago and the suburbs on Saturday for a bus tour to make communities aware of the importance of the upcoming 2020 Census.

“Historically, people of color have been undercounted during the census process, a shortcoming that has left our communities without proper funding for vital resources and put a strain on state budgeting,” said Lightford. “My colleagues and I are working on reaching those hard-to-count populations in order to ensure that Illinois does not lose out on billions in federal funding or representation in Congress.”

Overall, Illinois has committed $29 million in this year's budget to prepare and execute the census in Illinois. This is the largest per-person investment made in any state in the nation. The resources are going directly to outreach and education, with grants to community organizations across the state engaged in this work, particularly in hard-to-count communities. The executive order signed by Gov. Pritzker also established a Census Office within the Department of Human Services to lead this effort and a Census Advisory Panel to guide its work.

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Lightford leads discussion on new cannabis law

• Event
• Cannabis
• Town Hall

BROADVIEW – Senate Majority Leader Kimberly A. Lightford (D-Maywood) held an educational town hall on cannabis and led the discussion in partnership with Broadview Mayor Katrina Thompson on the implementation of the new Illinois cannabis law that goes into effect on Jan. 1.

The town hall covered the legislative, business and law enforcement perspectives of legalizing cannabis and gave residents a chance to have their questions answered.

“Mayor Thompson and I wanted to bring information on the new cannabis law to make sure our local communities understand how they can get involved in the new industry, and if they choose to, how to use cannabis within the restrictions in the law,” Lightford said.

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