Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...View Report
PlayStation users will now see an extra 9 percent tax applied to some purchases on the platform.
Gov. Bruce Rauner has signed into law a measure allowing human trafficking survivors to apply to have their criminal records sealed for offences committed under coercion.
The Alternative to Opioids Act will give more Illinoisans the option to treat pain with medical marijuana.
The Industrial Hemp Act will plant the seeds for the growth of commercial hemp production across Illinois.
While state law currently allows for the cultivation of hemp to be overseen by some government bodies, the Industrial Hemp Act would make legal the commercial production of hemp.
The Illinois General Assembly passed a budget, including the largest permanent tax hike in state history, without structural spending reforms. Gov. Bruce Rauner vetoed the plan on Independence Day, and the Senate voted to override the governor’s veto. The package now heads to the House for an override vote.
The Illinois Senate on July 4 approved the House’s budget plan, which Gov. Bruce Rauner has said he will veto.
Each Illinois household would pay an additional $1,125 in taxes each year, on average, under the Senate's tax-hike plan.
Members of the home building industry say Senate Bill 9’s tax on home repairs would fall hardest on Illinois’ middle-class and senior residents.
Senate Bill 9 would apply a 6.25 percent sales tax to laundry, dry cleaning, storage units and parking garages, among other services.