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)
Property Tax Update – 12.14.2022
Our real estate tax team at Rock Fusco & Connelly, LLC continues to work hard fighting to keep your property tax bills as low as possible. Below are key updates on the 2021 and 2022 sessions. Cook County: 2021: Second installment bills are finally out for 2021. You can view them online (https://bit.ly/3EymH8V). We are
Property Tax Update 11.17.2022
Our real estate tax team at Rock Fusco & Connelly, LLC continues to work hard fighting to keep your property tax bills as low as possible. Below are key updates on the 2021 and 2022 sessions. Cook County: 2021: Second installment bills are finally out for 2021. You can view them online (https://bit.ly/3EymH8V) and should
Illinois Privacy Regulation Compliance for Small to Mid-Sized Companies
There is no singular method used at the federal level for controlling the collection and storage of data. While courts and federal agencies, such as the Federal Trade Commission (FTC), regulate small portions of U.S. data collection, it differs at the state level, where several states have passed legislation on the collection, storage, and use
Third Circuit Court of Appeals Decision Affects Permissible Speech on Social Media
This May, the Third Circuit Court of Appeals issued a ruling which reinforces permissible speech on social media. The ruling stems from a June 2019 tweet from The Federalist, which is an online magazine operated by FDRLST Media, LLC. Specifically, an executive officer posted to his personal Twitter account, stating: “FYI @fdrlst first one of
Illinois Department of Transportation Multiyear Improvement Program
Each year, the Illinois Department of Transportation (IDOT) develops a fiscally constrained six-year program which describes how the state will be investing into the roadways across the state. IDOT released its Multi-Year Improvement Program this August which will span from 2023-2028. This proposed development plan will focus on highway improvement to ensure Illinois residents, businesses,
Property Tax Update October 2022
Our real estate tax team at Rock Fusco & Connelly, LLC continues to work hard fighting to keep your property tax bills as low as possible. Below are key updates on the 2021 and 2022 sessions. Cook County: 2021: After four months of working overtime all summer to adjudicate more than 250,000 property tax appeals
Governor Pritzker Signs Legislation to Modernize Infrastructure Improvement Process
In June, Governor Pritzker signed legislation, allowing for the implementation of design-build project delivery. This is an efficient, alternative method for completing the state’s infrastructure improvements. Senate Bill 2981 creates the Innovations for Transportation Infrastructure Act, authorizing the Illinois Department of Transportation and the Illinois Tollway Authority to adopt a design-build delivery method on highway
New Rules and Regulations Surrounding Employment of Domestic Workers in Illinois
On August 1, 2022, the Illinois Department of Labor (IDOL) adopted amendments that took immediate effect and impacted domestic workers, specifically those employed to complete tasks in individuals’ homes, as well as their employers. According to IDOL Director Jane Flanagan, the updated changes aim “to make domestic workers’ rights-on-the-job clearer and help domestic employers understand
Proposed Legislation: How a New Law on Marijuana Drug Tests May Impact Employment Law
As cannabis usage continues to become more prevalent, employers should remain aware of laws that impact employment. A proposed amendment to the Right to Privacy in the Workplace Act provides safeguards for employees surrounding marijuana usage in the workplace. So long as the drug does not impair an employee’s ability to work, an employer may