Illinois

Workers penalized just for living in Illinois

By Kurtis Karg, Dylan Sharkey
05/31/2024
Illinois workers are at a disadvantage compared to people in other states with the same job. Illinois’ 4.8% unemployment rate is third-highest in the nation.

TAGS: jobs

Illinois retailers taxed $186M by capping sales tax credit

By Patrick Andriesen
05/30/2024
A cap on the retailers’ sales tax credit will effectively hikes taxes on Illinois retailers by $186 million. Retailers are already facing razor-thin margins, but the record $53.1 billion state budget required $1.1 billion in new taxes.

TAGS: sales tax

Illinois’ new budget ends statewide grocery tax

By Kurtis Karg, Dylan Sharkey
05/29/2024
The new state budget eliminates the 1% grocery tax, placing Illinois with 37 other states by 2026. But the bill gives municipalities the option to implement their own tax without voter approval.