Illinois Gov. J.B. Pritzker’s amendment would allow Illinois to impose an effective corporate income tax rate of up to 15.28% – the nation’s highest by far.
Small businesses are the engine of Illinois’ economy. But those responsible for creating nearly two-thirds of Illinois’ jobs in 2017 would get hit under the progressive income tax plan just released by Gov. J.B. Pritzker.
A bill in the Illinois House of Representatives would allow the Illinois Department of Labor to place a lien on a business owner's property should he or she fail to respond to an allegation of unpaid wages within five days.
State Rep. Emanuel "Chris" Welch has proposed a measure that would increase by 400 percent the personal property replacement tax imposed on partnerships, LLCs and other types of businesses.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.