The Illinois Department of Revenue (“IDOR”) has announced the 2025 Illinois Tax Amnesty Program (the “Program”), authorized by the Illinois Tax Delinquency Amnesty Act. This limited-time program offers taxpayers a valuable opportunity to pay Eligible Tax Liabilities and have penalties and interest forgiven on taxes paid in full during the amnesty period, which runs from October 1, 2025, through November 17, 2025 (the “Amnesty Period”).
Eligible Tax Liabilities
The Program applies to most IDOR‐administered taxes, including individual and corporate
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Requesting Trump Tariff Refunds Through Protest Filings
As we previously reported, on August 29, 2025, U.S. Court of Appeals for the Federal Circuit ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the president to impose the recent flurry of IEEPA-related tariffs. Following that ruling, the Trump administration sought review by the U.S. Supreme Court.
On November 5, 2025, the Supreme Court shall hear the administration’s appeal. As many court observers expect the Supreme Court to issue a decision shortly after the
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Medicaid Developments Unrelated to Recent Congressional Actions
Recent weeks and months have witnessed several Medicaid developments that may significantly impact Medicaid funding across the country. Not all of these developments are related to the Medicaid-related provisions of H.R. 1 (Public Law 119-21 (July 4, 2025), otherwise known as the “One Big Beautiful Bill”). This article summarizes three developments that are unrelated to H.R. 1:
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IRS Issues Proposed Rules Clarifying the ‘No Tax On Tips’ Provisions Under President Trump’s One Big Beautiful Bill
On Friday, September 19, 2025, the Internal Revenue Service (IRS) issued proposed regulations clarifying the “no tax on tips” provisions under President Trump’s One Big Beautiful Bill Act (OBBBA).
Starting January 1, 2026, eligible tipped workers can deduct up to $25,000 each year in “qualified tips” from their federal taxable income through December 31, 2028. This will allow eligible tipped workers to take home more income each year. The deduction is retroactive to the beginning of the 2025 tax
Duty-Free Entry for Products Used in Agriculture and Horticulture
Over the past several months since the flurries of tariffs implemented by the Trump administration went into effect, we have noticed an uptick in questions regarding products used in agriculture. Specifically, on compliance strategies to mitigate the impact of these tariffs on business. Through the special provisions of the Harmonized Tariff Code of United States (HTSUS), 9817.00.50 and 9817.00.60, U.S. law provides a duty-free mechanism that allows eligible machinery, tools, and equipment that are genuinely used for farming
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White House Announces Gold Card Visa Program and Teases Upcoming Platinum Card Visa Program with Unique Tax Benefits
On September 19, 2025, the President signed an executive order directing the creation of a “Gold Card” program in which a one-million-dollar gift to the United States on behalf of an individual or two-million-dollar gift to the United States by an entity on behalf of an individual shall be treated as evidence of eligibility for an employment based first or second preference immigrant visa. The Department of Commerce, Department of State, and Department of Homeland Security have 90 days
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One Big Beautiful Bill’s Impact on Tips and Overtime
Among the cacophony of campaign promises floated by then-candidate Trump prior to the 2024 presidential election, one drum beat steadily: A vow to implement a no-tax-on-tips and no-tax-on-overtime law.
Martin C. Kuhn, Marquette 2004, Marquette 2004, is the founder of Kuhn Law, in Milwaukee, where he has focused on labor and employment for 19 years.
On July 4, 2025, oversized sharpie in hand, President Trump signed into law the “One Big Beautiful Bill Act” (OBBB),[1] endeavoring
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Missouri Eliminates Income Tax on Capital Gains for Individuals
July 30, 2025
On July 10, 2025, Missouri Governor Mike Kehoe signed into law House Bill 594 (the “Bill”), which effectively eliminates the capital gains income tax for individuals and an income tax deduction for corporations. Capital gains are the profit realized from the sale of capital assets such as stocks and bonds, other personal property, and many kinds of real estate.
The law applies to short- and long-term capital gains, meaning individuals may deduct 100% of federally reported
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One Big Beautiful Bill Act: Notable Tax Changes for Organizations and Individuals in the Health Care Sector
On July 4, 2025, President Trump signed into law a major budget reconciliation measure known as the “One Big Beautiful Bill Act” (“OBBBA”). Enactment of OBBBA answers several months of speculation regarding how Congress would implement key elements of the Administration’s legislative agenda.
OBBBA will have broad implications for the nation as a whole. Much of the public attention has centered on certain high-profile provisions, such as extending or making permanent several provisions from the 2017 Tax
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Big Beautiful Bullet Points on the Big Beautiful Bill
On July 4, 2025, President Trump signed the “One Big Beautiful Bill Act” into law. H.R. 1, 119th Cong. (2025), Pub. L. No. 119-21 (the “Act”). The Act makes significant changes to the tax code that will impact individuals and businesses. Below are five beautiful bullet points you should know about the Big Beautiful Bill.
- SALT Deduction Increase: The Act increased the maximum State and Local Tax (SALT) deduction from $10,000 to $40,000 for the next five years. Then,
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Issues Related to the “No Tax On Overtime” Provision
Within the One Big Beautiful Bill Act, signed into law on July 4, 2025, is the new “No Tax on Overtime” rule that may positively impact many hourly workers as it relates to their payment of federal taxes starting in 2025. However, this change in the law also presents new challenges for employers and ambiguities that will need to be addressed.
For starters, the new overtime provision is limited to overtime wages paid by employers to employees qualifying for
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One Big Beautiful Bill Becomes Law: What the Sweeping Tax Reform Means for You and Your Business
The U.S. tax code just underwent its most significant overhaul since 2017. On July 4, 2025, President Donald J. Trump signed the One Big Beautiful Bill (OBBB) into law, a far-reaching tax reform law that touches nearly every corner of the tax system, including estate and gift taxes, business deductions, international provisions, and individual income tax rules.
Some provisions apply as early as tax year 2025, while others begin in 2026 or later, making it important to understand the
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One Big Beautiful Bill Act: Stay Tuned for Our Client Alert Series
As you may be aware, on July 4, 2025, a landmark piece of tax legislation – commonly referred to as “One Big Beautiful Bill Act” – was signed into law, ushering in some of the most significant changes to the tax code in recent years. This sweeping bill touches nearly every corner of the tax landscape, with key highlights including a substantial increase to the estate and gift tax exemption, the elimination of federal income tax on tips and
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Employment Law implications of Trump’s New One Big Beautiful Bill Act (OBBBA)
By: Luis Padilla
On July 4, 2025, President Trump signed into law a budget and reconciliation package known as the One Big Beautiful Bill Act (OBBBA).
The following are provisions of interest that will have an Employee/Employer impact.
- Family and Medical Leave Credits: the paid family and medical leave credit established under the Tax Cuts and Jobs Act become permanent under the OBBBA. Employers that offer this benefit can offset the costs with credit, except for those benefits mandated
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Capitol Connection, July 2025
The ever-changing landscape of state government requires businesses across all industries to stay informed on the happenings in Madison. Welcome to the July issue of the Capitol Connection.
In this issue:
- Governor Tony Evers Signs 2025–2027 Wisconsin Biennial Budget into Law
- K-12 Education and Child Care
- UW System and Technical Colleges
- Tax Relief for Household Affordability
- Investments in Tourism Industry
- Health care and Public Health
- Transportation and Infrastructure Development
- Support for Veterans and Military Families
- Agriculture, Conservation, and Clean
How the Big Beautiful Bill Will Impact Your Employee Benefits and Compensation Strategy
How the Big Beautiful Bill Will Impact Your Employee Benefits and Compensation Strategy
The Big Beautiful Bill, signed into law by President Trump on July 4, 2025, spans nearly 900 pages and touches numerous aspects of federal policy. Nestled within this lengthy legislation are employee benefits provisions that will require employers to navigate new rules, opportunities, and compliance requirements.
From additional tax deductions for workers to new savings vehicles for children, the benefits-related sections introduce changes that span