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
Uniquely burdensome taxes and fees make Illinois unfriendly to entrepreneurs, and drive businesses and families out of state.
The franchise tax is complicated and confusing, and compliance wastes the time and economic resources of Illinois’ businesses.
State lawmakers from both parties are advancing legislation to repeal three of Illinois’ most costly and misguided policies.