As the May 31st legislative deadline looms, tax experts are making one more push to extend the state’s sales tax to services. The Center for Tax and Budget Accountability (CTBA) and the Taxpayers Federation released a report last week calling for Illinois to tax services the same way products are taxed. Illinois sales tax covers […]
sales tax
Posted inNews
What is Madigan planning for the income tax?
House Speaker Michael Madigan hoto BY PATRICK YEAGLE UPDATE: On Thursday afternoon, Madigan announced a plan to tax personal income over $1 million at an extra 3 percent, bringing the effective rate for people earning more than $1 million to 8 percent. Individuals with income under $1 million would continue to pay the current […]
Posted inNews
Group pushing for school funding vote
A group of parents, teachers and volunteers is pushing the Springfield Public Schools board to place a school funding referendum on the Nov. 4 ballot. The group, Invest in 186, has proposed a plan that would raise between $8 million and $10 million. The money would begin to replace millions of dollars which were cut […]
Posted inNews
Springfield small business owner lobbies in Washington, D.C.
If there’s a stereotype of a men’s clothing salesperson, Brandi Tolley of Springfield isn’t it. A work-from-home single mother and a military veteran, Tolley started her online eBay-based business about 10 years ago, and she quickly found her niche: buying and selling “big and tall” men’s clothes, sometimes even acting as a personal shopper for […]
Posted inNews
National ‘Amazon tax’ could mean big bucks for Illinois
As Illinois residents file their income tax returns, they’re faced with a choice: admit to buying something online and pay sales tax to the state, or skip the tax and risk paying a penalty later if they get audited. With the understaffed Illinois Department of Revenue swamped by a backlog of unprocessed filings, taxpayers who […]
Posted inNews
Springfield businesses say Illinois’ Amazon Tax not enough
It’s a battle already decided in Illinois, but the winners say they are still suffering. Now they’re preparing for a renewed fight in Washington, D.C. At issue is whether Internet retailers like Amazon.com, Inc. should have to collect state and local sales taxes. Illinois’ own “Amazon Tax” took effect in March 2011, but some Springfield […]
Posted inNews
Voters to decide on sales tax for schools
If voters next week approve a referendum raising Sangamon County’s sales tax rate from 8 percent to a maximum of 9 percent, it would reaffirm a philosophical shift in school funding already begun by the Illinois state legislature, says David Root, superintendent of Williamsville schools. Without sales tax revenue, school funding in Illinois is based […]
