Connect with us

Illinois

Capitol Briefs: Federal agency opposes new state law; Pritzker to lead trade mission to Japan | Capitol News Illinois

Published

on

Capitol Briefs: Federal agency opposes new state law; Pritzker to lead trade mission to Japan | Capitol News Illinois


The Biden administration is asking a federal judge to halt Illinois’ first-in-the-nation law curtailing credit card “interchange fees” before it goes into effect next summer.

When fully implemented in July 2025, the law will curtail banks’ ability to charge those fees on the tax and tip portion of debit and credit card transactions.

After a coalition of financial institutions sued over the law in federal court this summer, federal officials this week sided with the banks. The Office of the Comptroller of the Currency – an independent bureau within the U.S. Department of Treasury – wrote in a legal brief that Illinois’ law is both “bad policy” and in conflict with federal law.

The filing, published Wednesday, frames interchange fees as a “core feature of an intricately designed nationwide payments system.”

Advertisement

“The Illinois Interchange Fee Prohibition Act is an ill-conceived, highly unusual, and largely unworkable state law that threatens to fragment and disrupt this efficient and effective system,” the brief said. “Although the IFPA’s requirements are vague and ambiguous in many respects, this much is clear: the IFPA prevents or significantly interferes with federally-authorized banking powers that are fundamental to safe and sound banking and disrupts core functionalities that drive the Nation’s economy.”

The law, which Gov. JB Pritzker and Democrats in the General Assembly approved as part of the state’s budget process earlier this year, was a concession to the Illinois Retail Merchants Association. Retailers had been opposed to the governor’s proposed cap on a tax deduction historically granted to them for collecting the state sales tax.

IRMA leaders defended the law last week, while Pritzker on Thursday said the Biden administration’s filing was “not something that I’m deeply concerned about.”

“When things get brought to court, you never know how they’ll turn out,” he said at an unrelated event. “I think this one is one that can be defended well and we’ll end up with the law we have on the books being affirmed.”

 

Advertisement

Pritzker’s Japan trade mission

Pritzker is also set to join state legislative and business leaders on a trade mission to Japan next week to explore clean energy, manufacturing, life sciences, quantum, and other “key growth industries,” according to the governor’s office.

Members of the delegation will meet with their counterparts in Tokyo to discuss strengthening economic ties between the state and the island nation.

The delegation represents what the governor’s office calls “Team Illinois” – a group of government and business officials that work to secure business and economic development partnerships. While it started informally, it’s now a key element of the Pritzker administration’s five-year plan for attracting businesses to the state.

In total, about four dozen lawmakers, economic development officials, academics and businesspeople will join the governor on the trip. Among them are House Speaker Emanuel “Chris” Welch, D-Hillside, and Senate President Don Harmon, D-Oak Park.

Christy George, the CEO of Intersect Illinois, is also joining the delegation. Intersect Illinois is the private economic development organization started by then-Gov. Bruce Rauner that has since become a go-between for businesses looking to relocate to Illinois and state government. It works on marketing and site selection in partnership with the state’s Department of Commerce and Economic Opportunity.

Advertisement

George stepped into the role in mid-September after working as the executive director of the Democratic National Convention’s 2024 Host Committee. Prior to that, George worked in Pritzker’s administration as an assistant deputy governor and as the executive director of the Illinois Commerce Commission.

Others heading to Japan include representatives of PsiQuantum and TCCI, both of which have received multimillion-dollar tax incentives from DCEO since last summer. The heads of the state’s major utilities, representatives from the University of Illinois and University of Chicago, and heads of several business-related lobbying organizations are also set to join the delegation.

The Pritzker administration has led similar trade missions to the United Kingdom and Canada in recent years. The governor’s first trade mission, in 2019, was also in Japan.

Since then, Illinois exports to Japan have increased 31.7% while imports from Japan have fallen 22.4%, according to the governor’s office.

 

Advertisement

Capitol News Illinois is a nonprofit, nonpartisan news service that distributes state government coverage to hundreds of news outlets statewide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation.



Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Illinois

Illinois and Indiana lottery players win $1 million in Powerball

Published

on

Illinois and Indiana lottery players win  million in Powerball


An Illinois Lottery player won a $1 million prize on a Powerball ticket.

The winning ticket Wednesday matched all five numbers: 1-2-21-37-43 and was purchased online via the Illinois Lottery app. The person has one year to claim their money.

While nobody hit the $274 million Powerball jackpot, another player in Indiana also matched five out of five numbers, winning $1 million as well. The next Powerball drawing is Oct. 5 and the estimated jackpot is $295 million.

Powerball tickets are $2 each.

Advertisement

More: After $2.04 billion Powerball win, Edwin Castro bought 2 multimillion-dollar homes in 2 weeks

More: Visitor wins over $38K on slot machine bet at East Peoria casino

This article originally appeared on Journal Star: Illinois lottery player wins $1 million on Powerball ticket



Source link

Advertisement
Continue Reading

Illinois

Illinois opens enrollment for LIHEAP energy financial assistance program

Published

on

Illinois opens enrollment for LIHEAP energy financial assistance program


SPRINGFIELD, Ill. (WCIA) — The Illinois Department of Commerce and Economic Opportunity revealed details on this year’s Low Income Home Energy Assistance Program this week to help low-income households with utility costs.

$226 million will be provided to eligible families to assist with natural gas, propane, and electricity bills and furnace assistance.

Families that earn up to two times the federal poverty level can receive LIHEAP payments. State leaders encourage all eligible families to apply.

“Every Illinoisan deserves to be able to keep the lights on and stay warm as we head into winter,” Governor JB Pritzker said.

Advertisement

Springfield agency awarded grant to help people enroll in health care

For the month of October, the program is accepting applications from:

  • adults 60 years old or older

  • individuals with a disability

  • families with children five years old or younger, and

  • households that are disconnected from their utilities, have a disconnection notice or have less than 25% in their propane tank.

Other households can apply on November 1. The application period closes Aug. 15, 2025, or when funds are exhausted.

“LIHEAP is an essential program for families across Illinois,” DCEO Director Kristin Richards said. “This priority application system will ensure families with the most critical need have the resources and information necessary to secure reliable access to energy utilities.”

More than 333,000 households in the state received LIHEAP funding last year, with the average amount of financial assistance being $724 per household.

Advertisement

Families can apply at Help Illinois Families’s website. Anyone needing assistance can call 1-833-711-0374 for help in one of 30 languages.

Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

For the latest news, weather, sports, and streaming video, head to WCIA.com.



Source link

Advertisement
Continue Reading

Illinois

What you need to know about advisory questions on Illinois ballots

Published

on

What you need to know about advisory questions on Illinois ballots


Illinoisans will be asked to vote on three advisory questions in the election Nov. 5. Here is what voters should know.

Come Election Day, Illinoisans will see three questions on the statewide ballot: one on election interference, another asking about amending the state constitution to impose a 3% tax on income over $1 million and a third on requiring insurance companies to cover fertility treatments.

These questions were placed on the ballot by Senate Bill 2412, the same bill that attempted to reduce election competition in the middle of the election cycle by barring candidates who did not participate in a primary election from appearing on the 2024 ballot. That provision of the bill as applied to the 2024 election was struck down by a state appellate court in June. The Illinois Supreme Court declined to take up the appeal, so those provisions will not apply until after Nov. 5. The advisory ballot questions remained.

The statewide questions are not the only advisory questions some Illinoisans will see on their ballots. Citizens and governing bodies of municipalities, townships and counties may also place advisory questions on the ballot. For example, Barrington Township will ask voters if they support reforming public pensions by amending the state constitution.

Advertisement

Here are three common questions about nonbinding referenda, and what you should know before heading to the polls.

What is a nonbinding advisory question?

Illinois law allows voters or lawmakers to place questions of public policy on the ballot to be voted for or against at a statewide general election. There is no limitation to the subject matter of advisory questions. Questions can range from local to national to international issues covering public safety, the environment, foreign policy and everything in between.

The results of these ballot questions have no legal impact.

How are non-binding referendum placed on the ballot?

Advertisement

There are two general methods to place an advisory question on the ballot: through petition signature collections or by a resolution passed by elected leaders.

  • Voters can place an advisory question on the ballot statewide by collecting the number of signatures equal to 8% of the votes cast for governor in the case of a statewide advisory question. Voters can also place an advisory question on a local ballot by collecting the number of signatures equal to 8% of the votes cast for governor in that political subdivision whether it is a municipality, township, county or school district.
  • The local governing body of a municipality, township, county, or school district can place an advisory question on the ballot by passing a resolution. The Illinois General Assembly can place an advisory question on the statewide ballot by passing a law that gets signed by the governor.

Why put a non-binding advisory question on the ballot?

The main reason to place an advisory question on the ballot is to gauge public support for a particular policy proposition in a specific area – municipalities, townships, counties, school districts or statewide. It’s similar to an official poll, but the advantage of nonbinding referenda as compared to polls is the sample size is often larger, and the results measure the views of actual voters who went to the trouble to show up at the polls or to fill out and mail in their ballots. The results signal to lawmakers in a particular jurisdiction the strength of their constituents’ support or opposition to the question.

Advisory questions in Illinois are generally limited to three propositions per political subdivision. If more than three questions would qualify for ballot placement, the first three questions to be validly submitted will be placed on the ballot.

That is another reason lawmakers might place questions on the ballot: to preempt questions they’d rather not see asked. That appears to be what happened this year. A statewide advisory question proposed by the Parents Matter Coalition would have asked voters if they support requiring parental consent for the provision of non-emergency medical treatment or gender counseling of minor children. But by filling up the statewide ballot with three advisory questions before enough signatures could be gathered and submitted, Illinois lawmakers prevented it. Gov. J.B. Pritzker signed SB 2412 into law three days before the deadline to file petitions for a statewide advisory question.

In addition, research on non-binding ballot initiatives in California indicate lawmakers pay attention to these results, particularly when the issue area falls under the authority of the jurisdiction where the advisory question is on the ballot. If the question is on an issue that is controversial or that the electorate is passionate about, it can also increase turnout to the polls and increase discussions of the policy proposed, making it more likely that lawmakers address the issue substantively.

Advertisement

As a result, while these questions may not have any legal effect, voters should take them seriously. State and local lawmakers pay attention to the results, and what is only a nonbinding question today may become public policy tomorrow. Voters should educate themselves on the consequences of these hypothetical proposals before they pull the lever for or against, lest they discover that lawmakers take them at their word and put those policies into law.





Source link

Continue Reading

Trending