Illinois. (Mayor Richard M. Daley seeks state income tax increase for Chicago schools)(Around the Nation)Hattori, April
(for multi-member LLCs). This method only requires owners to pay federal income taxes on their percentage of the profits on their personal tax returns. The LLC itself is not taxed. This avoids the “double taxation” that corporate shareholders pay, in which profits are taxed both at the ...
, Illinois this year became the first state ever to retreat from school choice (18 have created or expanded choice programs since 2023), killing, to please teachers unions, a small tax-credit scholarship program that served mostly poor and minority pupils. …although Illinois spends almost $24,...
Illinois Brings Back Its Estate Tax.Legislation to close an estimated $15 billion state budget gap has put Illinois’ estate tax back on the books after a one-year hiatus. The Illinois levy applies at rates up to 16 percent to estates over $2 million. The federal estate tax, which also ...
third quarter revenues came in approximately 0.5 percentage point or $25 million below what they would have been, had demand held at the level we were seeing exiting the second quarter. That said, the slowdown in Q3 was less than in Q2, where revenue came in approximately 1 percentage point...
There's one Illinois city that has a pretty disgusting dynasty happening for nine straight years landing at the top of a list that no town wants to be on.
Illinois may not be the sunniest state in the country, but its great incentives make solar panels a worthwhile investment for pretty much anyone in the Prairie State. Factor in the federal solar tax credit, and Illinoisians can cut the cost of solar by thousands of dollars, speeding up your...
and any indirect owners of an applicant subject to certain ownership percentage thresholds. In addition to the applicant itself, all direct owners and officers, as well as certain indirect owners who meet the applicable ownership percentage thresholds, are required to undergo a background investigation...
- In total, a record-setting 56,318,082 cannabis items were sold to customers in 2024, which shattered the previous record set in 2023 by more than 13%. *** Isabel’s Top Picks *** *Tribune | Illinois Gaming Board cements ban on certain NFL wagers:Licensed sports wagering operators wi...
Union agreements and individual employee contracts (from date of termination): 3 years Tax Records IRS adjustments: Permanently Payroll tax returns: 7 years Property basis records: Permanently Sales and use tax returns: Permanently Tax return and canceled checks for tax payments: Permanently...