While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Laws barring taprooms from serving hard cider – and craft beer produced by other breweries – are among the regulations bounced by House Bill 4897.
Gov. Bruce Rauner signed Senate Bill 2436 on Aug. 2, a move that will increase local control over liquor licensure.
The Land of Lincoln has some of the highest alcohol taxes in the Midwest. And Illinoisans preparing for Independence Day are feeling the pinch.
The cocktail of excise taxes heaped onto the sale of alcoholic beverages hits Illinois liquor stores near the Indiana border.
The Land of Lincoln is also the land of “sin” taxes, “saint” subsidies and other nanny-like policies, according to a new study.
The combined burden of municipal and state taxes on alcoholic beverages might make Chicagoans think they’re seeing double.
Despite diminishing returns, the Prairie State has yet to kick its excise tax habit.
With the ratification of the 21st Amendment, 1933 marked the end of Prohibition in the United States. But that hasn’t stopped the Land of Lincoln from serving a cocktail of prohibitive regulations on alcoholic beverages.
Illinois ranks eighth in the nation for state and local excise and selective sales tax collections.
The proposal would prohibit retailers from selling single servings of alcohol after midnight in a questionable move to fight panhandling and public intoxication.