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Endowment tax is the taxation of financial endowments that are otherwise not taxed due to their charitable, educational, or religious mission. Endowments can be up to several billion dollars at some universities , some charitable foundations , and some medical foundations.
The Illinois Department of Revenue (IDOR) is the code department [1] [2] of the Illinois state government that collects state taxes, operates the state lottery, oversees the state's casino industry, oversees the state's thoroughbred and harness horse racing industries, and regulates the distribution of alcoholic beverages throughout Illinois, including beer, wine, and liquor. [3]
The Illinois Division of Criminal Investigation (DCI) was first created as part of the Illinois State Police in 1977, until it was merged into the Division of Operations (DOO) in the mid-1990s. [1] The DCI was reestablished in 2019, under executive order by Governor J. B. Pritzker .
The Illinois State Police (ISP) is the state police agency of the U.S. state of Illinois.The Illinois State Police is responsible for traffic safety on more than 300,000 miles of total roadway, including 2,185 miles of interstate highways and 15,969 miles of state highways.
Within the Illinois State Police, the Division of Internal Investigation is "a separate division created specifically to investigate allegations of misconduct by members of ISP, state employees ...
Illinois State Police; Illinois State Police Merit Board; Illinois State Toll Highway Authority; Illinois State Universities Civil Service System; Illinois State Universities Retirement System; Illinois Student Assistance Commission; Illinois Workers' Compensation Commission; Office of the Illinois Attorney General; Office of the Illinois ...
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
State police also offer kiosk services at three locations, including at 801 S. 7th St., in Springfield which is open from 8:30 a.m.-12 p.m. and 1-5 p.m. Monday through Friday.