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Lawmakers are reviving an effort that’s been tried several times before. It has the bipartisan support of state Reps. Sharon Chung and Ryan Spain from Central Illinois.
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A small manufacturer in Bloomington faces many pressures. Joe Diemer has owned Midwest Molding Solutions for a quarter century.
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The standard exemption increase will mean an extra $69 or so for families of four. The tax credit will once again be tied to inflation after lawmakers last year quietly untied it.
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A new study says a bill currently under consideration in Springfield would cost $1 billion and reduce child poverty by 7.6%.
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The more than 11 million Illinoisans who claim the standard exemption each year will not see an inflation-indexed bump for the 2023 tax year.
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Lawmakers tried unsuccessfully to keep alive a program that sent 9,700 students to private schools this year with taxpayer support.
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A bill that would offer state tax credits to owners and developers of affordable housing units passed out of committee last week at the Illinois…
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Illinois teachers who buy classroom supplies with their own money may now receive a state tax credit of up to $250.The new credit is in addition to a $250…