Illinois' New Pay Transparency Requirements: Department of Labor Releases Much-Needed Guidance For Employers
Of the many Illinois employment law changes that went into effect when the clock struck midnight on Dec. 31, 2024, the state's new pay transparency law is perhaps the most impactful and involved for employers. Pursuant to an amendment to the Equal Pay Act of 2003 (the "Act"), all Illinois employers with 15 or more full or part-time employees (no matter where located) must include pay scale and benefits information in job postings as of Jan. 1, 2025. However, the language contained in the amendments left many questions unanswered for employers, creating uncertainty as to what exactly they needed to include in postings and other steps they needed to take to ensure compliance. . . . [READ MORE]
CTA Back On Track: 5th Circuit Lifts Nationwide Injunction Barring Enforcement of Corporate Transparency Act. Some Jan. 1 Reporting Deadlines Extended To Jan. 13
The brief respite sparing business owners from the reporting requirements and deadlines established by the Corporate Transparency Act (CTA) is now over. On Dec. 23, 2024, the United States Court of Appeals for the 5th Circuit granted the federal government's request to stay the preliminary nationwide injunction issued on Dec. 3, 2024, that barred enforcement of the CTA and suspended all upcoming deadlines, including the Jan. 1, 2025 Beneficial Ownership Information (BOI) reporting deadline for companies formed before 2024. . . . [READ MORE]
CTA Grinds To a Halt: Federal Judge Issues Nationwide Preliminary Injunction Barring Enforcement of the Corporate Transparency Act, Including Upcoming Reporting Deadlines
Thanks to a federal judge in Texas, approximately 32.6 million American businesses just got a reprieve from the confusing and burdensome reporting obligations imposed by the Corporate Transparency Act (CTA). On Dec. 3, 2024, mere weeks before the Jan. 1, 2025 compliance deadline for many covered entities, Judge Amos L. Mazzant of the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction barring the federal government from enforcing the CTA, its implementing regulations, and its Reporting Rule. Per the ruling, "reporting companies need not comply with the CTA's Jan. 1, 2025, [Beneficial Ownership Information] reporting deadline pending further order of the Court." . . . [READ MORE]
