Tax Credit

Those inside the renewable energy sector find themselves at a crossroads as the GOP's massive tax cut and spending bill will sunset tax credits and incentives from the industry. Those groups now face the difficult decision of how to handle environmental projects which are usually years in the making.

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.

A small manufacturer in Bloomington faces many pressures. Joe Diemer has owned Midwest Molding Solutions for a quarter century.

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.

A new study says a bill currently under consideration in Springfield would cost $1 billion and reduce child poverty by 7.6%.

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.

Lawmakers tried unsuccessfully to keep alive a program that sent 9,700 students to private schools this year with taxpayer support.

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…

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…