State Senate OKs Bill Raising Minimum Wage to $15 An Hour By 2025

State Senate OKs Bill Raising Minimum Wage to $15 An Hour By 2025

The Illinois Senate voted Thursday to raise the state’s minimum wage to $15 an hour by 2025.

If passed by the Illinois House without changes, the bill would raise the state’s minimum wage to $9.25 per hour on Jan. 1, 2020, and in incremental steps to 2025.

The Senate approved the bill 39-18.

“Today, the state senate made it clear that working families in Illinois deserve a raise, and they’re going to get one,” Gov. J.B. Pritzker said. “This is a long time coming, and we’re not done yet, but we’re closer than ever before.”

According to a state of Illinois news release and website, the law would also provide employers with 50 or fewer full-time equivalent employees a credit against tax withheld beginning Jan. 1, 2020, but reduces the credit beginning Jan. 1, 2021. Employers with no more than five employees may claim that credit until Dec. 31, 2027.

It also Authorizes the Department of Labor to perform random audits of employer to ascertain compliance with the Minimum Wage Law. Authorizes a penalty of $100 per employee for failure to maintain required records. Effective immediately.

It calls for a $1 hourly pay hike at the beginning of next year, followed by a 75-cent increase to $10 on July 1, 2020. The minimum wage would then increase by $1 per hour each year on Jan. 1 until it hits $15 per hour in 2025.

Employers would be able to continue paying a lower wage to workers younger than 18 if they work fewer than 650 hours in a year, the Chicago Tribune said. The minimum wage for younger employees is presently $7.75 per hour but would increase to $8 on Jan. 1 and peak at $13 per hour in 2025.