If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
Illinois' fifth-largest city is moving to raise taxes on telecommunications and hotels, and fold homesharing into the latter.
Chicago has some of the highest taxes on travelers in the nation.
Chicago Alderman Marty Quinn is attempting to squeeze out home-sharing in the 13th Ward.
Lake Bluff homeowners home sharing with Airbnb were forced to cease and desist by the village zoning board.
It’s no secret Chicago aldermen aren’t friendly to outsider businesses and innovative industries. Here’s a look at some of the most egregious examples from 2016.
The Chicago market has grown to the third largest in the country, accounting for almost all of the more than $73 million in supplemental income in 2016.
New Airbnb regulations pose a serious problem for Chicagoans.
Airbnb has reported that about 4,800 Chicagoans are Airbnb hosts, and they earn an average of $5,300 per year renting out their homes through the service.
The city’s new ordinance will punish visitors to the city with a 21 percent hotel tax bill.
In the face of fleeing residents, the Chicago City Council has chosen to add more and more layers of regulation instead of reforming.