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Proponents argued that the proposal would make the Illinois tax code fairer, provide tax relief to most Illinoisans, better fund public goods and social services, and boost small businesses. Opponents argued it would open the door to future tax hikes, hurt businesses, drive businesses and wealthy residents to neighboring states, and place more ...
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 Center Square) – Small businesses in Illinois have access to new state funding from a capital grant program. Gov. J.B. Pritzker announced $10 million in grant funding that he said will help ...
Brad Halbrook is a Republican member of the Illinois General Assembly. He was a small business owner who ran a company making fences before joining the general assembly. In April 2012, Halbrook was appointed to the state legislature to fill out the term of retiring state legislator Roger L. Eddy. [2]
The $600,000 estate tax exemption was to increase gradually to $1 million by the year 2006. As inherited assets are automatically revalued to their current or "stepped-up" basis, any capital gains are permanently exempted from taxation. Family farms and small businesses could qualify for an exemption of $1.3 million, effective 1998. Starting in ...
If you're an Illinois resident or business owner, you have until April 18, 2023, to file your Illinois state income taxes. If you're expecting a refund this year, this quick guide explains how to...
(The Center Square) – Illinois state Rep. Chris Miller says he speaks from painful experience when it comes to the subject of the state’s long struggling job market. “I'm a small business ...
The election to pay the PTE tax is made on Form IL-1065, Partnership Replacement Tax Return or Form IL-1120-ST, Small Business Replacement Tax Return. [14] Stoller chose not to seek reelection in the 2024 election. [15] e was succeeded by fellow Republican Li Arellano, Jr., a former mayor of Dixon, Illinois. [16]