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The questions ask whether the Illinois Constitution should be amended to create a three percent tax on people making more than $1 million. That money would then go towards property tax relief.
Illinois residents will vote on a 3% tax for millionaires in November. The governor says the tax could generate $4.5 billion annually and alleviate high property taxes. Illinois has the second ...
A flat income tax, which taxes all income levels at the same rate, is required by the current Illinois state constitution. [4] Illinois is one of 11 U.S. states with a flat income tax; seven states have no income tax; 32 other states use graduated income taxes, which tax higher incomes at a higher rate. [5]
Illinois legislators are nearing the end of the 103rd General Assembly. During Saturday’s brief session in the House, state Rep. Brad Halbrook, R-Shelbyville, used a point of personal privilege ...
The Illinois Department of Revenue has increased in size in line with the creation of new taxes within the state and the expansion of existing taxes. A gasoline tax was enacted in Illinois in 1927, the sales tax was enacted in 1933; the state income tax was enacted in 1969, and the first lottery tickets were sold in 1974 in the state capital of ...
Created in 2012, the Tribunal is an administrative law forum of original jurisdiction for the adjudication of cases that involve determinations made by the Illinois Department of Revenue. These determinations may include notices of tax liability, and many of the cases heard by the Tribunal are appeals launched by taxpayers. There is a filing fee.
(The Center Square) – An Illinois congressman is urging lawmakers to extend President Donald Trump’s 2017 tax cuts. Many provisions of the Tax Cuts and Jobs Act are set to expire at the end of ...
The Speaker of the Illinois House of Representatives is seventh (behind the Lieutenant Governor, Attorney General, Secretary of State, Comptroller, Treasurer, and President of the Senate, respectively) in the line of succession to the office of Governor of Illinois. [1] [2]