The Center Square

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

3 business groups say voters need to reject Amendment 1 to fix Illinois

By Patrick Andriesen
10/31/2022
The Illinois Manufacturers Association president warned Amendment 1 would tie lawmakers’ hands from pursuing fiscal reform. The Illinois Chamber of Commerce president said it would decrease business investment and the Technology and Manufacturing Association of Illinois is worried about property tax increases.

TAGS: Amendment 1