Hourly Minimum Wage Rates by Year
Jan 01, · Year. Minimum Wage. Tipped. Youths (under 18) (working less than hours per calendar year) 1/1/ $ $ $8. 7/1/ $ 1/1/ $ 1/1/ Minimum Wage Rates. $ 1/1/ $ 1/1/ $ 1/1/ $ 1/1/ $ 1/1/ $ 1/1/ $ 7/1/ $ 1/1/ $ 1/1/ $ 1/1/ $ 1/1/ $ 1/1/ Author: Brahmamdam, Krishna Created Date.
However, ia to the Illinois minimum wage law, if your under employee works more than hours in a calendar year, they must be paid at the same rate as an employee who is 18 or over. Please keep in mind that the two local jurisdictions, specifically Chicago and Cook County, have a higher wage than the Illinois minimum wage.
In the past, the Illinois minimum wage was re-evaluated each year and based on the values of the Consumer Price Ollinois CPIwhich is intended to raise the rate along with inflation. However, that has changed, yet again. Governor J.
In Chicago, some workers will see that increase a bit sooner. Here are a few options you may want to consider:. As always, to make sure your business is prepared and stays in compliance get your EIN for starterswe recommend that you discuss these js changes to the Illinois minimum wage laws with your accountant and lawyer. Back to Mnimum Square. What is the minimum wage in Illinois for ?
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May 23, · With ten states increasing their minimum wage rates in , it’s a great time to make sure all your locations have the most updated required postings. The ten states increasing their minimum wage rates are: Arizona – $; Colorado – $; Florida – $; Missouri – $; Montana – $; Ohio – $; Oregon – $ Summary: Amends the minimum wage act of ; further provides for minimum wages; increases to $ in January , $ in January and begins indexing January /18/ Filed. 04/18/ Introduced. 04/18/ To Senate Committee on Labor and Industry. PA HR 51 rows · The minimum wage in the United States is set by U.S. labor law and a range of state and .
The minimum wage in Illinois increased in January , for tipped and non-tipped employees. For Illinois, the minimum wage situation is unique, sharing similar rules to other states, the minimum wage varies depending on where you are located within the state. There are some differing rates for some cities and counties in Illinois. If you are a business owner in the hospitality industry with tipped employees who may be waiting tables, serving and mixing drinks, carrying luggage, cleaning hotel rooms, etc.
The basic rule of tips which is recognized under federal law and state law is that the tips belong to the employee, not the employer.
To find out more about the Illinois tip rules, overtime standards, and other wage and hour issues you can visit the Illinois Department of Labor IDOL website. The graphic below highlights the Illinois minimum wage over the past several years. To find out more information regarding the Minimum Wage in all US States , check out our page that has a table in alphabetical order of all 50 states. Feel free to check out a comprehensive list of them that also includes some very important economic facts if you are looking to start your own business or franchise or get a job in the state.
If you would like to register a new business in Illinois, check out our ultimate guide on How to Register a Business in Illinois. You can see when there were increases in the minimum wage, how much they were, and what percentage increase it represents. As an Illinois business owner and employer, or someone that is looking to register an LLC or an incorporated company in Illinois with the goal of hiring employees, now, or in the future, you will need to have an Illinois EIN number.
We have created a guide on how to get your Illinois EIN with the IRS, and it includes links to the appropriate sources and forms and the differences between whether you are a U. Speed Limits in Illinois.
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