Month: January 2023
Safe-T Act On Hold
The Safety, Accountability, Fairness, and Equality-Today Act, colloquially known as the SAFE-T Act, was set to make Illinois the first state in the country to forbid judges from forcing certain criminal defendants to pay cash bail to be released from jail while they await trial. On December 28, Kankakee County Circuit Court Judge Thomas Cunnington
New Illinois Laws: 2023
Several other new and interesting laws went into effect in the State of Illinois at the stroke of midnight on January 1, 2023. Here are some highlights: Food Preparation: HB 00209 This law bans latex gloves for the use of handling and preparing food. Food Delivery Services: HB 03205 Through this law, a third-party delivery
Changes to Estate Tax Laws in 2023
As planning begins for the new year, it is important to pay attention to the changes made to estate tax laws going into effect in 2023. Changes to Federal Gift Tax Exclusions As of January 1, 2023, the lifetime exclusion amounts- federal gift and estate tax exclusion amount, in addition to the generation-skipping transfer (GST)