2021 Brings New Laws for Chicago Businesses, Real Estate
New laws that range from an increase in the motor fuels tax to an establishment of Accessory Dwelling Unit zones will take effect in Chicago this year, the Lightfoot administration said Monday. The new laws also include an increase in the minimum wage to $15 an hour, stricter regulation of the shared housing industry and extension of business relief efforts into the new year.
“These laws affect everyone from workers and small businesses to travelers and home-owners, and we want to make sure that everyone is aware of the regulations and deadlines that affect their lives,” said Mayor Lori Lightfoot.
Effective May 1, the new ADU law will legalize the conversion of basements, attics and carriage houses into affordable housing in five zones on the city’s North, West and South Sides. The Department of Housing will launch a three-year evaluation period to make recommendations for a permanent citywide policy.
For comments, questions or concerns, please contact Paul Bubny