The state finally passed legislation to comply with a 2023 U.S. Supreme Court ruling that the government may not keep surplus equity when property is sold for unpaid taxes.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...