The average American will spend around $800 on gifts this Christmas. But making those holiday buys in Illinois will leave many families wishing they could get more bang for their buck.
With the ratification of the 21st Amendment, 1933 marked the end of Prohibition in the United States. The Land of Lincoln, however, has continued to serve a cocktail of prohibitive regulations on alcoholic beverages.
After narrowly clearing the Senate, the Illinois House of Representatives failed to override Gov. Rauner’s veto of a bill to make 21 the legal age to buy tobacco.
A bill that would raise the legal age to 21 for purchasing tobacco and e-cigarette products will return to the Illinois House of Representatives after Senate lawmakers overrode Gov. Rauner’s veto.
An idea to fix Illinois’ fiscal woes with a statewide property tax made headlines in May. Voters in Lake County will be asked whether state lawmakers should have the power to impose such a tax.
Three economists made headlines in May by suggesting Illinois levy a new, statewide property tax. DuPage County voters Nov. 6 can declare their stance on whether that tax should be an option.
While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.