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- Allows the City of Chicago to impose a real estate transfer tax of up to $1.50 per $500 of value [Sec. 3–2.3(E)]. - Allows for a 0.25% increase in the sales tax in the Chicago metropolitan area [Sec. 4.03(e-g)]. - Outlines the distribution of tax revenues to various Service Boards (Sec. 4.03.3).
In 2021, the state established the Illinois Property Tax Relief Fund. It’s meant to give annual property tax rebates to some homeowners. But Quinn said the state hasn’t set aside money for it.
A Katie Beckett waiver or TEFRA waiver is a Medicaid waiver concerning the income eligibility for home-based Medicaid services for children under the age of nineteen. Prior to the Katie Beckett waiver, if a child with significant medical needs received treatment at home, the child's income would be deemed to include the parents' entire ...
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. [53] Exemptions can be quite substantial.
Disabled Americans face many financial hurdles, and the high cost of medical care may be the biggest. But when the disabled need to access assistance programs in order to pay for that medical care ...
Founded in 1967, the PTAB was originally a panel of final administrative appeal for property tax assessment cases from the 101 counties of Illinois other than Cook County, Illinois's largest county in terms of population and property value. In 1997, the Illinois General Assembly expanded PTAB's jurisdictions to cover Cook County. PTAB, by ...
(The Center Square) – Homeschool groups have concerns about President-elect Donald Trump’s proposed tax credit as Illinois lawmakers look at regulating the practice. Trump, in a video posted ...