2024 Law Requires Nearly All Businesses to Share More Info on Ownership
Beneficial Ownership Information Report (BOIR).”
January 24, 2024
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Beneficial Ownership Information Report (BOIR).”
DOL Issues Final Rule on Independent Contractors, Effective March 11
The U.S. Department of Labor (DOL) has issued a final rule to clarify who is an independent contractor under the Fair Labor Standards Act (FLSA).
Fifty-two years ago, President Nixon went to China. The news
of his visit was shocking. The Washington Post wrote, “If Mr.
Nixon had revealed he was going to the moon, he could not
have flabbergasted his world audience more.”
With the January 1, 2024, effective date of the Illinois Paid Leave for All Workers Act (IPLAWA) quickly approaching, employers need to ensure they are analyzing their existing paid leave policies to determine what changes need to be made before the end of 2023.
· The National Labor Relations Board (“Board” or “NLRB”) has issued a new joint employer rule. The Board changed its joint employer analysis by case law in 2015, and again in 2020. This time the change comes via issuing a new regulation.
Washington, D.C. – Congressmen Darin LaHood (R-IL) and John Moolenaar (R-MI) have introduced the No Official Giveaways Of Taxpayers’ Income to Oppressive Nations (NO GOTION) Act. The bill would prohibit companies affiliated with the Chinese Communist Party (CCP) from receiving green energy production tax credits implemented by the Biden Administration in the Inflation Reduction Act (IRA).
SPRINGFIELD – The Illinois General Assembly is returning this week for its annual veto session, and TMA was on hand to welcome members of the growing. Small and Midsized Manufacturers Caucus (SaMM Caucus).
DES PLAINES – A new strategic partnership allows manufacturing apprentices and students pursuing careers in manufacturing through the Technology & Manufacturing Association (TMA) to obtain college credits at Oakton College in Des Plaines, creating a pathway for the next generation of manufacturers to grow in their education and career.
CHICAGO – The Chinese company Gotion is moving forward in its plans to build a sizeable facility in Manteno, Illinois, e0 miles southwest of Chicago. The effort has drawn attention nationally, as federal and state tax dollars are reportedly being used to subsidize the $2 billion factory.
SPRINGFIELD, IL – As of October 1, 2023, Technology & Manufacturing Association-sponsored SaMM Caucus (Small and Midsized Manufacturers Caucus) consists of the following members of the Illinois General Assembly: