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(The Center Square) – Illinois state Rep. La Shawn Ford is hoping to see the Homeowner Relief Fund pilot program enacted by Cook County commissioners grow to help keep even more property owners ...
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 proposed amendment grants the State authority to impose higher income tax rates on higher income levels, which is how the federal government and a majority of other states do it. The amendment would remove the portion of the Revenue Article of the Illinois Constitution that is sometimes referred to as the “flat tax,” that requires all ...
The agency actively encourages the use of energy-efficient building standards and materials in the construction of community real estate developments. Project example: In 2007, CCLF provided nearly $1.2 million in pre-development funding to the Historic Pacesetter LP / Whistler Crossing project in Riverdale, Illinois. The money went to support ...
Tax increment financing dedicates tax increments within a certain defined district to finance the debt that is issued to pay for the project. TIF was designed to channel funding toward improvements in distressed, underdeveloped, or underutilized parts of a jurisdiction where development might otherwise not occur.
The Illinois family relief plan was part of the $46.5 billion state budget that was signed in April and includes $50 automatic payments to individuals What Illinois taxpayers need to know about ...