by Brian Costin A recent Chicago Reader article highlights confusion among Chicago’s restaurants in regards to the recent Cook County sales tax reduction, and a myriad of different taxing districts within the city. Every retail establishment in Chicago must collect and turn over to the Illinois Department of Revenue a 9.75 percent “retailers’ occupation tax”—or sales tax. This...
by Brian Costin In a bit of good news the arrival of July 1st, 2010 marked a drop in the Cook County sales tax rate. The Cook County portion of the sales tax (1.75%) dropped ½ a percentage point to 1.25%. This means for a $100 purchase of goods the average consumer will save 50 cents. Unfortunately, Chicago...
A report from the Illinois Campaign for Political Reform found that taxpayers paid lobbyists nearly $6.4 million to influence their own state government last year.
The Department of Commerce provided over $7 million in grants to tourism Councils and Bureaus.
