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The RTA sales tax was increased to 1.25% in Cook County, and 0.75% in the collar counties (from 1% and 0.25%, respectively), but one-third of the sales tax collected in the collar counties (i.e. 0.25%) is distributed directly to the counties [39] and the county boards may use that money for transportation or public safety purposes. [40]
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 ...
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 ...
City Council allies of Mayor Brandon Johnson announced their intentions to get a real estate transfer tax hike that would fund homelessness services on the 2024 primary ballot, seeking to advance ...
Moore, 178 U.S. 41 (1900), confirmed that the estate tax was a tax on the transfer of property as a result of a death and not a tax on the property itself. The taxpayer argued that the estate tax was a direct tax and that, since it had not been apportioned among the states according to population, it was unconstitutional.
Supporters of a Chicago ballot measure that raises a one-time tax on luxury properties to fund services for homeless people rally prior to a court hearing, Feb. 14, 2024, in Chicago.
The proposal would have incrementally raised the city’s real estate transfer tax on properties valued at more than $1 million. Chicago voters have rejected a one-time real estate tax on ...
The clerk is a citywide elected office, and is one of three city-wide elected officials in the City of Chicago, along with the Mayor and the Treasurer. The current city clerk is Anna Valencia. One former city clerk is more famous for his non-political activities: The late Baseball Hall of Famer Cap Anson served one term from 1905-1907.
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