Midwestern United States

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

2024 NASCAR ticket price up to $270 higher thanks to Chicago tax

By Vincent Caruso
04/29/2024
The typical racing fan will pay an extra $22 for general admission to Chicago’s NASCAR “Street Race Weekend” thanks to the city’s amusement tax. Luxury seating could cost residents more than the price of a standard ticket in taxes alone.