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The SAFE-T Act incorporated provisions from a previously proposed bill, the Pretrial Fairness Act. The most significant change in this section of the Act is the elimination of cash bail and its replacement with a new process for pretrial release, which was set to take effect on January 1, 2023.
SPRINGFIELD, Ill. — Time to study up, Illinois. When the clock hits midnight on New Year’s Day, 293 new state laws will take effect. Those include some of the defining bills of the 2024 ...
The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service ...
Tax law changes in 1986, 2006, 2007 and 2017 known as the "kiddie tax" have substantially reduced the tax savings of UGMAs and UTMAs. [ citation needed ] Until 2018, for beneficiaries under 19 (under 24 if a student), the first $1,000 of unearned income was tax-free, the second $1,000 was taxed at the minor's rate (typically 15%), and the ...
The state’s 25-year-old Gift Ban Act prohibits public employees such as Pritzker from ac. Illinois Gov. J.B. Pritzker has so many fans and friends that he receives a $30 gift at the rate of one ...
Joining a slate of bills that would bring fundamental changes to the nation's high court, a new bill cosponsored by Sen. Ron Wyden (D-OR) would ban Supreme Court Justices from receiving lavish gifts.
The Protect Illinois Communities Act (formally known as Public Act 102–1116) is an assault weapons ban signed into Illinois law on January 10, 2023, by Governor J. B. Pritzker, going into immediate effect. [1] The Act bans the sale and distribution of assault weapons, high-capacity magazines, and switches in Illinois.
States across the country will ring in the new year with laws set to take effect throughout 2024 about issues like gun violence, book bans and gender-neutral toy sections.