Search results
Results from the WOW.Com Content Network
Illinois residents will vote on a 3% tax for millionaires in November. The governor says the tax could generate $4.5 billion annually and alleviate high property taxes.
SPRINGFIELD, Ill. (WTVO) — Voters in Illinois will get a chance to decide whether Illinois millionaires should pay an additional tax to fund a statewide property tax relief fund. Former Illinois ...
The rollback was already factored into this year’s budget, and the millage rate went down from 53.9 for the 2023 budget to 51.7 for the 2024 budget.
The new tax rates proposed by the state legislature in SB 687 included an increase in corporate income taxes from 7% to 7.99%. SB 687 would have also changed the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%.
(The Center Square) – Despite being criticized for being a waste of time, a new commission will be created Jan. 1 to evaluate Illinois’ property tax system. State Rep. Mary Beth Canty’s ...
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Johnson wants to halve property tax increase Chicago Mayor Brandon Johnson says he’s in talks with city aldermen about cutting his proposed $300 million property tax increase by half. Last week ...
On November 8, 2016, Illinois voters approved the Illinois Transportation Taxes and Fees Lockbox Amendment, a legislatively referred constitutional amendment that prohibits lawmakers from using transportation funds for anything other than their stated purpose.