Illinois is one of few states with ‘Death Tax.’ Bill would make it highest in U.S.

By Justin Carlson

03/26/2021

Increasing the estate tax would hurt family farms and businesses, drive wealth and investment out of Illinois. Most states are ending their ‘death taxes.’

TAGS: death tax, estate tax, farms

Bipartisan bills would ease ‘death tax’ on Illinois family farms

By Ben Paoletti

04/03/2019

Selling family farmland to pay Illinois’ estate tax could end if a pair of bills take root in the General Assembly.

TAGS: death tax, Monica Bristow, Scott Bennett, taxes

Madigan’s rules kill reform efforts

08/11/2017

A post-mortem on Illinois’ 2017 regular legislative session shows missed opportunities for taxpayer savings.

TAGS: death tax, estate tax, FOIA: Freedom of Information Act, GARS: General Assembly Retirement System, house rules, Mike Madigan, TABOR: Taxpayer Bill of Rights

How Trump’s tax proposals would affect Illinois

By Michael Lucci

05/01/2017

The corporate tax reforms under President Donald Trump’s proposed tax plan could strengthen Illinois’ position as a home for businesses, but the state’s uncompetitive income, property and death tax policies would put its residents at an even greater disadvantage with respect to other states if the president’s plan passes.

TAGS: Chicago, corporate income tax, death tax, Donald Trump, estate tax, income tax, outmigration, population, property taxes, tax credits, taxes

Federal tax changes could pressure Illinois to repeal death tax

By Michael Lucci

11/21/2016

A repeal of the federal estate tax would make it imperative that Illinois get rid of its own state death tax to avoid losing even more residents and income to other states.

TAGS: death tax, estate tax, taxes

Illinois death tax hits family farms where it hurts

By Austin Berg

09/01/2016

Illinois’ estate tax only generates about $300 million in revenue, while potentially costing the state more than $1.5 billion in annual GDP growth.

TAGS: death tax, estate tax, property taxes, taxes

Illinois tax code favors corporate farms over family farms

By Michael Lucci

08/02/2016

While neighboring states are making themselves friendlier for farmers, Illinois keeps its unfair death tax in place.

TAGS: agriculture, death tax, estate tax, taxes

Illinois tax code punishes entrepreneurs

By Michael Lucci

07/25/2016

Uniquely burdensome taxes and fees make Illinois unfriendly to entrepreneurs, and drive businesses and families out of state.

TAGS: death tax, estate tax, franchise tax, LLC fees

Budget deal should include repealing Illinois’ economic loss leaders

By Michael Lucci

07/06/2015

Illinois’ death tax, corporate franchise tax and LLC fees cause disproportionate economic harm compared to how much tax revenue they generate.

TAGS: death tax, small business

Repealing Illinois’ economic loss leaders

By Michael Lucci

03/30/2015

State lawmakers from both parties are advancing legislation to repeal three of Illinois’ most costly and misguided policies.

TAGS: death tax, Ed Sullivan, franchise tax, LLC fees, regulations

Center for Poverty Solutions: How to better assess poverty in Chicago and America

America’s War on Poverty has been an abject failure. Nearly $12 trillion and 60 years later, official poverty rates remain basically unchanged. While the nation waged a well-intentioned assault on poverty, it inadvertently launched a far more sinister war: on dignity. While attempting to eradicate poverty, America created countless government welfare programs. In doing so,...

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Center for Poverty Solutions: How to better assess poverty in Chicago and America

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Traci Crosby

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students