New Illinois Laws in Effect July 1, 2025
Illinois’ new budget took effect at the start of Fiscal Year 2026, which fell on Tuesday July 1, 2025. Along with the new budget also comes new law and tax changes. The gas tax is set to increase by a rate of 1.3 cents per gallon, raising the tax to $0.483 per gallon. Tax on
Supreme Court Denies Right to Challenge Medicaid’s Planned Parenthood Exclusion
On June 26th, 2025, the Supreme Court decided against Medicaid recipients’ right to challenge the exclusion of Planned Parenthood as a covered provider. Under the direction of its governor, Henry McMaster, South Carolina began excluding Planned Parenthood from its Medicaid program in 2018. The exclusion came because of the organization’s offering of abortion services, which
Pritzker Signs 2026 Illinois State Budget into Law
Illinois Governor J.B. Pritzker signed six bills comprising the state’s Fiscal Year 2026 budget into law Monday, June 16th, the earliest provisions of which will take effect in roughly two weeks on July 1st. Whereas state budgets historically were passed in the form of a single omnibus bill, the budget for next year was passed
City Council Members Could Soon Have Blanket Power to Ban Airbnb from their Wards
Alderman Anthony Napolitano, 41st, introduced an ordinance that would give the local alderman the ability to ban short-term rentals on a precinct level in their own ward. The ordinance was approved in committee on June 11, 2024, and just this week, on June 18, 2024, the final vote was delayed at the City Council. The
Despite Growing Economic Concerns, Lawmakers Continue to Fail Illinois Businesses
During the most recent legislative session, Illinois General Assembly members passed two bills that are likely to push more businesses out of the state rather than bring them in. Senate Bill 328 could change the way plaintiffs are able to sue foreign corporations, and Senate Bill 1976 would freeze workplace regulation standards in the year
2025 Super Lawyers Awards – Rock Fusco & Connelly, LLC
We are proud to announce that six of our attorneys at Rock Fusco & Connelly – Matt Connelly, Jay Rock, Pat Moran, Eileen Rosen, David Miller, and Cory D. Anderson – have been recognized on the 2025 Super Lawyers list. This distinguished honor, awarded to the top 5% of attorneys through a peer-influenced and research-driven process, highlights their exceptional legal skills and
Corporate Transparency Act
On March 2, The U.S. Treasury Department has announced a significant shift in the enforcement of the Corporate Transparency Act (CTA). Under the new policy, The U.S. Treasury Department will no longer enforce penalties or fines related to the beneficial ownership information (BOI) reporting rule under the existing regulatory deadlines. Furthermore, even after forthcoming rule changes take
Illinois Banking and Credit Industry Moves to Quash Law Prohibiting Card Swipe Fees
Banking and credit trade groups asked a Chicago federal judge late Monday to permanently overturn a law which would prohibit banks from collecting “swipe fees” on tax and tip portions of credit and debit card payment transactions. The Interchange Fee Prohibition Act, which was approved as part of Governor J.B. Pritzker’s 2024 budget legislation, stemmed from heavy
Blackstone faces $346 million foreclosure on River North office building
Following a movement of buildings being seized by its lenders, a River North office building is on course to join the list. The office building, located at 350 N. Orleans St., is controlled by Blackstone, a New York based private equity firm. Blackstone bought the property for $378 million in 2015 and subsequently spent another
Jose Maria Olazabal to join the firm as a Transactional Associate Attorney
We are excited to announce that Jose Maria Olazabal will be joining us as an Associate Attorney in our Transactional Practice Group following his graduation from Loyola University Chicago School of Law and successful completion of the July Bar Exam. Jose has been an integral part of our team since 2023, serving as a Law