tax

A provision in the bill would allow donors to lower their tax liability by donating to accredited scholarship-granting organizations, with a credit up to $5,000 or 10% of their adjusted gross income. #legislation

Treasurer Frerichs Eclipses $5 Billion In Investment Earnings for State Portfolio (Springfield, IL) - Illinois Treasurer Michael Frerichs announced that he has made more...

On July 1, the state will raise taxes on short-term rentals, sports wagering, telecommunications, tobacco and vaping products. #taxes

“By leveraging the Low-Income Housing Tax Credit to spur millions in private development, we’re offering real housing solutions for working families, seniors, and veterans while creating jobs in construction and revitalizing communities up and down the state.” #taxcredits

"Democrats keep claiming to care about working people, but if you look at this budget, it’s clear they are completely out of touch with the middle and working class" Rep. Sheehan said. #taxes

“This budget, pushed through under Governor Pritzker’s leadership—or lack thereof—includes more than $800 million in new taxes that directly impact hardworking Illinoisans and small businesses, while neglecting to tackle the serious financial issues that continue to cripple our state,” Gartner said. #spending

“Trump and House Republicans think tax cuts for the wealthy are more important than feeding our children,” said Governor JB Pritzker. #snap

“The Democrats are doing what they always do – waiting until the last minute to present a budget and force through more tax increases to pay for their out-of-control spending." #budget

Revenue generated from motor fuel taxes is primarily dedicated to funding transportation-related infrastructure, but Ravi Mishra, policy analyst with the Illinois Policy Institute, said Illinoisans are not getting their money’s worth. #gas

The Shortcuts winner will receive $250 and be screened at the 815HORTS festival, a short film festival based in Rockford scheduled November 14-15, 2025. #film