Search results
Results from the WOW.Com Content Network
Novara said the city is open to a proposal that employs a smaller tax increase, in which the new tax rate would only apply to the chunk of money above $1 million, not the entire sale.
CHICAGO (Reuters) -Chicago voters on Tuesday appeared to reject a higher real estate transfer tax on properties worth over $1 million, a proposal that proponents said could raise $100 million a ...
The proposal would have incrementally raised the city’s real estate transfer tax on properties valued at more than $1 million. Supporters estimated it would have generated $100 million annually ...
Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...
Discussion for a casino in Chicago had been happening for almost 30 years since gambling was allowed in Illinois. The primary reason for a casino in Chicago was due to large amount of tax revenue gained, which would amount to approximately $200 million in annual tax revenue. The tax rate would amount to one-third of all tax revenue from a new ...
An ambitious drive to get a housing measure on Chicago’s Feb. 28 ballot — asking if the city should raise taxes on its priciest property sales to fund services for homeless people — appeared ...
[10] [11] In 2021, Dr. Hermann began pushing a differing proposal called the Automated Deposit Tax, which he also calls the "Tiny Tax." [ 12 ] He says it is a combination of a Tobin Tax and APT Tax. It would only charge the party depositing money into their account, rather than both parties to a transaction.
(The Center Square) – The Chicago City Council on Monday approved a new budget without a property-tax increase, but many aldermen say the mayor still needs to cut spending. The council voted 27 ...