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SPRINGFIELD, Ill. - On Tuesday, the Illinois House is expected to take up a $53 billion budget proposal that passed the Senate on Sunday. The budget is anticipated to pass in the House as well ...
Launch. On June 28, 2019, Illinois Governor J.B. Pritzker formally signed the Sports Wagering Act into law. [1] The Act allows for a 15% gross revenue tax on all licensed sports betting operations in the state. [13] The Act also included a provision to increase the amount of diversity in the space by requiring that licensees "collaboratively ...
Illinois this month switched from a flat 15% tax on adjusted gross revenue for online sports betting companies to a new progressive rate ranging from 20% to 40%.
Container deposit legislation (CDL) requires a refundable deposit on certain types of recyclable beverage containers in order to ensure an increased recycling rate. Studies show that the recycling rate for beverage containers is vastly increased with a bottle bill. The United States' overall beverage container recycling rate is approximately 33%, while states with container deposit laws have a ...
Rankings were based on the tax burden for small businesses, with income taxes, property taxes and corporate taxes as key factors.
The Illinois Property Tax Appeal Board (PTAB) is an Illinois agency that serves as a final administrative panel of appeal for statewide appellants in property tax assessment cases.
The Illinois Fair Tax was a proposed amendment to the Illinois state constitution that would have effectively changed the state income tax system from a flat tax to a graduated income tax. The proposal, formally titled the "Allow for Graduated Income Tax Amendment", appeared on the ballot in the November 3, 2020 election in Illinois as a legislatively referred constitutional amendment striking ...
The House passed the Transparency in Charges for Key Events Ticketing Act on Wednesday in an effort to increase price transparency for consumers.