IL HB2032

Creates the Low-Wage Employer Cost Recoupment Act, directing the Department of Labor to impose surcharges on employers with low-wage workers.

Applies to employers with employees on payroll for at least 90 calendar days in a quarter whose wages fall below the federal Supplemental Nutrition Assistance Program (SNAP) eligibility threshold for a single person, beginning first quarter 2024.

Surcharge amount equals the annual value of SNAP benefits for a single person multiplied by the number of qualifying low-wage employees.

Employers must be notified of surcharge amount by January 31, 2025 and annually thereafter, with payment required in 10 equal monthly installments beginning March 1 each year.

Act takes effect immediately upon becoming law.