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Illinois Taxes

12 Key Issues to Watch as Illinois General Assembly's Spring Session Nears End

Matthew Dietrich | Posted 05.18.2016 | Chicago
Matthew Dietrich

With the Illinois General Assembly's spring session nearing its traditional May 31 end, this is a good time for a check on what happened, what didn't ...

Why Inaction on Illinois Progressive Income Tax Actually is a Good Thing

Matthew Dietrich | Posted 05.10.2016 | Chicago
Matthew Dietrich

Opinion by Reboot Illinois' Madeleine Doubek We've now gone 11 months without a state budget. It's been one year and five months since our personal ...

What's Going To Happen With Illinois' Income Tax?

Matthew Dietrich | Posted 05.09.2016 | Chicago
Matthew Dietrich

This week's "Only in Illinois" starts with a flashback to the Jan. 2, 2014, "Only in Illinois" in which I made a prediction about the future of the Il...

It's Time For You To Sound Off On Illinois Tax Changes

Matthew Dietrich | Posted 05.03.2016 | Chicago
Matthew Dietrich

In separate press conferences in Springfield Monday, Gov. Bruce Rauner spoke of his opposition to a progressive tax in Illinois while Democratic Reps....

Illinois Ranked Worst State To Be A Taxpayer -- Again

Reboot Illinois | Posted 03.18.2017 | Chicago
Reboot Illinois

For the second year in a row, WalletHub has pegged Illinois as the worst state to be a taxpayer. The personal finance site's study ranks all 50 state...

HBO's John Oliver is Rauner's Unlikely Ally in Latest Episode

Matthew Dietrich | Posted 03.09.2017 | Chicago
Matthew Dietrich

At first glance, the issue of Illinois special taxing districts doesn't seem like fodder for edgy comedy. But John Oliver, host of the acclaimed HBO ...

Civic Federation Proposes Painful Plan to Right Illinois' Financial Ship

Reboot Illinois | Posted 02.12.2017 | Chicago
Reboot Illinois

Tax increases, spending limits, tax on pension income among Civic Federation's recommendations A report released today by the Civic Federation lays o...

10 Mind-Numbing Facts About The Illinois Budget Deficit

Matthew Dietrich | Posted 02.04.2017 | Chicago
Matthew Dietrich

Opinion by Reboot Illinois' Madeleine Doubek Ready for an 8 percent income tax rate in Illinois? That's what all of us would have to live with, Illi...

Rauner Task Force Outlines 27 Recommendations for Reducing Local Taxing Bodies

Reboot Illinois | Posted 01.05.2017 | Chicago
Reboot Illinois

With nearly 7,000 units of government, Illinois has about 2,000 more than any other state in the nation, resulting in a behemoth bureaucratic industry...

Comparing Illinois' Corporate, Individual Income Tax to Neighbor States

Reboot Illinois | Posted 12.15.2016 | Chicago
Reboot Illinois

Illinois collected $4.3 billion in corporate income tax revenue in 2014, accounting for approximately 21.1 percent of the total income tax revenue gen...

Highlights From Michael Madigan's Rare Speech at City Club of Chicago

Matthew Dietrich | Posted 12.10.2016 | Chicago
Matthew Dietrich

Illinois House Speaker Michael Madigan warned Wednesday that Gov. Bruce Rauner's borrowing to fund state government operations is "terribly significan...

Illinois (Somehow) Sheds Title of Worst-Run State in America

Reboot Illinois | Posted 12.08.2016 | Chicago
Reboot Illinois

Illinoisans don't need a report or survey or scholarly article to know the Land of Lincoln is poorly managed. But apparently it's no longer the nation's worst-run state, according to a new survey from 24/7 Wall Street.

Who's To Blame For Busting Business In Illinois?

Matthew Dietrich | Posted 11.24.2016 | Chicago
Matthew Dietrich

The following is an excerpt from an opinion written by Reboot Illinois' Madeleine Doubek: Governor Bruce Rauner, House Speaker Michael Madigan, Senat...

How Much Could Chicago's New Taxes Cost You?

Reboot Illinois | Posted 09.08.2016 | Chicago
Reboot Illinois

In order to help Chicago and its public schools face a severe fiscal crisis after years of borrowing, mayor Rahm Emanuel is preparing to reveal some significant new Chicago taxes. Because the state is trying to deal with its own budgeting and revenue crises, the mayor can't rely on help from Springfield to shore up the city budget.

3 Must-Know Facts About Illinois Taxes

Reboot Illinois | Posted 09.03.2016 | Chicago
Reboot Illinois

From local to corporate taxes, the visual guide provides Illinoisans with a comprehensive overview of state taxes and the economy in general, sans all the confusing tax terminology.

6 Illinois Counties With Some of the Highest Sales Tax

Reboot Illinois | Posted 01.24.2015 | Chicago
Reboot Illinois

On top of the regular cost of buying everyday things, most Illinoisans also have to pay three different sales taxes on top of the price of goods. That's right, three.

Is Illinois Raking in Taxes from Your County?

Reboot Illinois | Posted 07.22.2014 | Chicago
Reboot Illinois

It's budget time right now in Springfield, and this year lawmakers are arguing over whether to make permanent the temporary tax increase passed in 2011. The tax debate makes this year's budget talks all the more contentious.

New Millionaire Tax Proposed In Illinois

Reuters | Posted 05.20.2014 | Politics

(Adds comment from Rauner campaign) CHICAGO, March 20 (Reuters) - Illinois' powerful speaker of the House of Representative on Thursda...

10 Reasons Why Illinoisans Are More Resilient

Madison Bondi | Posted 04.28.2014 | Chicago
Madison Bondi

1. You can drive in any kind of traffic/weather. 2. Heat waves AND snowmageddons, no problem. 3. Dominick's closes and you can still manage to feed...

State Lawmaker Wants To Tax The Shoes On Your Feet

Posted 02.06.2013 | Chicago

An Illinois lawmaker is proposing a new 25-cent tax, but it's not for the usual consumer suspects like food, booze, cigarettes or gas — it's for sho...

Quinn Defends State Business Climate Again

Posted 02.13.2012 | Chicago

Illinois Governor Pat Quinn once again found himself on the defense this weekend after another Illinois CEO slammed the state's business climate. ...

State Lawmakers Aim For More Corporate Tax Cuts

Posted 12.15.2011 | Chicago

Illinois House Republican leaders on Wednesday introduced a proposal that would roll back the corporate income tax hike that state Democratic leadersh...

SB 397 Poised to Give $100 Million Handout to Wealthiest Corporations in Illinois

Mark Cassello | Posted 01.28.2012 | Chicago
Mark Cassello

Unless a groundswell of public outrage besieges representatives in Springfield tomorrow, the Illinois State Legislature is likely to approve an enormous tax carve-out designed to benefit two of the most profitable companies in the state.

Cook County Budget Outlines More Than 1,000 Layoffs; Tax, Fee Increases

Posted 12.24.2011 | Chicago

Cook County Board President Toni Preckwinkle's second budget, slated to be officially unveiled Tuesday, is expected to include layoffs of just more th...

Cook County Board President: Seniors Should Double Check Tax Bills

NBC Chicago | Posted 11.27.2011 | Chicago

Chicago seniors have been getting the short end of the stick by Springfield, lately. They had their free rides on buses cut. Budget cuts will limit...