Government Affairs Blog

Understanding the Graduated Income Tax Referendum

In the final days before the November 2020 election, I want to give you some parting words before you cast your vote regarding the Graduated Income Tax referendum.  The NACC has taken a strong position in opposition to the many threats it poses to the business community and encourages you to vote “NO” on theContinue reading

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Updates You Need to Know

Electronic Certificate of Origin Now Available through NACC Website This is big news for our Chamber Members who export goods to other countries and those exploring expanding their markets internationally. A Certificate of Origin (CO) is an important international trade document attesting that goods in a particular export shipment are wholly obtained, produced, manufactured, orContinue reading

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Protecting the Interests of our Business Community

The NACC continues to be vigilant protecting the interests of our business community.  Two major issues we are keeping an eye on this week are: Governor Pritzker’s new proposed emergency rules for establishments to require masks or face significant fines Update on federal Phase IV stimulus package and how it’s shaping up for support ofContinue reading

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Graduated Income Tax through a College Student’s Lens

As a young person who is one semester away from completing two master’s degrees, I constantly ask myself whether I can afford to move back to Illinois. I can easily list off the names of people who already left our communities to live in other states. According to a 2018 study conducted by the UniversityContinue reading

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Federal, State & Local Matters Impacting Your Business

The NACC is involved with tracking and influencing policy at the federal, state and local level.  Below, I have highlighted some key policies that have come to fruition in recent weeks that could impact your business: FEDERAL LEVEL Congress Made Much Needed Fixes to the PPP Loan We are delighted that Congress passed legislation toContinue reading

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Governor Announces Revised Plan

Updates to Phase 3 of Restore Illinois Plan in Consultation with Health Experts Bars and Restaurants Can Open for Outdoor Seating, All State Parks to Open Building on a robust, statewide effort to ensure Illinois can safely reopen and following the data, science, and guidance from public health experts and stakeholders across the state, Governor PritzkerContinue reading

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Landscapes Continue to Change at Lightning Speed

The federal CARES Act funding came and went – then got replenished.  The same happened with the SBA Economic Injury Disaster Loans (EIDL). Currently, the U.S. Congress is looking at future economic stimulus packages and we have a unique opportunity coming up to impact future economic recovery policy.  On Friday, May 8th at 9:30 amContinue reading

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Gov. Pritzker Announces Modified Stay at Home Order Will Be Extended Through May to Continue Progress

Releases Illinois Modeling Showing Significant Second Wave If Stay at Home Order Were Lifted Modified Order Includes Increased Flexibility for Residents and Non-Essential Businesses, Requires Face Coverings in Public ​  Based on data from scientists and health experts and after consulting with stakeholders across the state, Governor JB Pritzker announced that he will sign aContinue reading

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Bad News/ Good News for Payroll Protection Program Loans

It was announced last week (4/16) that initial funding for the PPP program in the CARES Act has been depleted and the SBA will not be processing further applications.  Additionally, it was announced that the SBA EIDL loan funds were also depleted. U.S. Chamber of Commerce officials say they are very confident that Congress (inContinue reading

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Looking at Back to Work Plans & IL Loans Now Available

U.S. Chamber of Commerce Return to Work Plan Just Released We have been on several calls recently to learn effective strategies to “reopen” our economy.  The U.S. Chamber just released yesterday a national return to work plan exploring the extreme complexities to consider and how to best protect employees and our communities while not exposingContinue reading