He also wants to raise $98 million by “making the big airlines pay for polluting the air” in Chicago neighborhoods, and seeks a 66 percent increase in the city’s already-high hotel tax rate. Here are some excerpts from a Wall Street Journal editorial shortly after he was inaugurated. ...
Illinois Enacts Tax Increase and New York-Style Nexus LegislationJohn B. Palmer
Starting July 1, 2024, Illinois will implement a bracket system, where the sports wagering tax will be based on various gross receipts ranges, or brackets. The applicable rates, ranging from 20% to 40%, increase corresponding with the range of adjusted gross receipts with a maximum 40% rate...
CHICAGO (CBS)-- The halfway point of the calendar year has arrived, and new laws have gone into effect in Illinois—including ajump in the state gasoline taxthat every driver will feel. The tax is up just 2 cents compared with Sunday. But it is quite a jump compared with the Illinois...
January 8, 2024 Key Takeaways Illinois has introduced new employment laws, including job posting disclosure obligations, expanded leave benefits and pre-tax commuter benefits. Protections for temporary workers and freelancers have been implemented to ensure they benefit from state labor laws. ...
There are over 500 new laws that take effect on January 1, 2024, in the state of Illinois. Here are some of the things that will be banned next year.
allowing lessors to charge sales tax on the lease or rental stream of property, as opposed to paying tax on the upfront cost of property acquired to lease; extending the state’s net operating loss cap for three more years, with an increase of the cap from $100,000 to $500,000; ...
For both tipped and non-tipped hourly workers in Illinois, starting on January 1st, 2024, the minimum wage will increase. For tipped workers, they will see a raise from $7.80 to $8.40 an hour. For non-tipped workers, they will get a raisefrom $13 per hour to $14 per hour. ...
Updated 6:00 AM / March 19, 2024 Voters to decide on Bring Chicago Home tax referendum; what you need to know Voters on Tuesday will get their say on a controversial tax referendum on the ballot in Chicago, asking whether the City Council should be allowed to increase the taxes on the ...
There are over 500 new laws that take effect on January 1, 2024, in the state of Illinois. Here are some of the things that will be banned next year.