CHICAGO, Aug. 24, 2010 – The Illinois Retail Merchants Association will honor American Sale, Tinley Park, as its 2010 Illinois Retailer of the Year during a gala luncheon on Wednesday, Sept. 15 at the Palmer House Hilton Hotel in Chicago. Read More
Media Releases
Tax Holiday continues to boost sales in Illinois
August 9, 2010 – 4:32 pm
CHICAGO, Aug. 9, 2010 – With the first weekend of Illinois’ Back-to-School Sales Tax Holiday complete, retailers across the state have restocked their shelves in preparation for another full week of discounted sales. Read More
State Sales Tax Holiday provides welcome relief to Illinois
July 7, 2010 – 1:00 pm
CHICAGO, July 7, 2010 – An Illinois State Sales Tax Holiday, signed into law by Governor Pat Quinn on Wednesday, will provide welcome relief to consumers and boost the Illinois economy, according to the Illinois Retail Merchants Association. Read More
June 28, 2010
June 28, 2010 – 3:16 pm
ILLINOIS MINIMUM WAGE INCREASES JULY 1st
On July 1st, Illinois’ minimum wage will increase from the current $8.00 per hour to $8.25 per hour. This increase is the third and final annual increase established under the current law.
IRMA members will recall that in 2007, despite the opposition of IRMA, the General Assembly approved, and then-Governor Rod Blagojevich signed into law, Public Act 94-1072 . This law increased Illinois’ minimum wage from $6.50 per hour to $7.50 per hour and established annual twenty-five cent increases every July 1st through 2010.
Unless a new law is passed by the Assembly and signed into law by the Governor, Illinois’ minimum wage will now remain at $8.25 per hour. As of this writing, Illinois’ minimum wage is $1.00 per hour higher than the Federal minimum wage, $1.00 per hour higher than all of our border states (i.e. Indiana, Iowa, Kentucky, Missouri, and Wisconsin), and the third highest in the country behind Washington and Oregon.
You may click here to read the entire Illinois Minimum Wage Law or, to read the Public Act that enacted the annual increases, click here. If you require additional information, please do not hesitate to contact IRMA.
Rob Karr, Senior Vice President
Government & Member Relations
Illinois tax rate changes effective July 1
May 21, 2010 – 11:52 am
Retailers doing business in Illinois may be collecting a different sales tax rate on July 1 as changes in various taxing jurisdictions become effective.
According to the Illinois Department of Revenue’s Informational Bulletin, changes to some locally imposed sales taxes will impact the overall rate of sales taxes.
Cook County’s sales tax rate will roll back 0.5 percent on July 1, dropping from 1.75 percent to 1.25 percent and decreasing the City of Chicago rate from 10.25 to 9.75 percent.
In Union County, the rate will rise 0.75 percent; in Stark County, it will increase by 0.5 percent; and in Lawrence County, the rate moves up a full 1 percent.
For a complete list of all the tax rates, use the Tax Rate Finder on the Illinois Department of Revenue’s website at tax.illinois.gov.
Retailers will need to adjust cash registers and computer programs that generate sales tax amounts. If you would like to purchase a laminated sales tax rate card, send $3 per card to the Illinois Retail Merchants Association, 19 S. LaSalle St., Suite 300, Chicago, IL 60603. Tell us what percent you need and where you would like the tax rate card sent. For more information, call 312/726-4600.
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