Starting on July 1, Illinois lawmakers’ long-awaited overhaul of the child support formula will go into effect, bringing Illinois in line with what other states have been doing for years. The new law would eliminate statutory percentages of a party’s net monthly income and require both parents to submit their net income to come up with a fair payment. In addition, the amount of parenting time that each parent spends with the child(ren) will also be a set and definitive factor in determining support.
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