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Tag: tax relief

Push begins for state child tax credit for low- and middle-income families

Push begins for state child tax credit for low- and middle-income families

— February 8, 2023

SPRINGFIELD – A group of Democratic lawmakers on Tuesday, Feb. 7 called for creating a state-level child tax credit that would give low- and middle income families up to $700 per…

  • Parents get some relief with 10-day tax reduction on school supplies

    Parents get some relief with 10-day tax reduction on school supplies

    — August 4, 2022

    SPRINGFIELD – Beginning Friday Aug. 5 and lasting through Sunday, Aug. 14, the state will reduce its sales tax rate from 6.25 percent to 1.25 percent for certain clothing items costing…

  • What’s in Illinois’ $46 billion budget package?

    What’s in Illinois’ $46 billion budget package?

    — April 21, 2022

    SPRINGFIELD – Gov. J.B. Pritzker signed a package of bills Tuesday, April 19 that make up a roughly $46 billion Fiscal Year 2023 state general revenue funds budget that includes increased…

  • Breaking down the governor’s 2023 budget plan

    Breaking down the governor’s 2023 budget plan

    — February 2, 2022

      Each year in February, Illinois’ governor must propose to lawmakers a spending plan for the upcoming fiscal year. The General Assembly will then spend the next several months…

  • Draft report on property taxes calls for consolidating school districts

    Draft report on property taxes calls for consolidating school districts

    — January 13, 2020

    SPRINGFIELD — A task force formed to study ways to reduce property tax burden on Illinois residents is calling for consolidation of school districts and other local units of government…

  • Temporary tax relief measures begin July 1 in Illinois

    Temporary tax relief measures begin July 1 in Illinois

    — June 30, 2022

    SPRINGFIELD – Illinoisans will receive some modest tax relief starting Friday when the state’s new fiscal year begins. That includes some income tax rebates, property tax rebates,…

  • Illinois Senate Democrats introduce $1.8 billion tax relief proposal

    Illinois Senate Democrats introduce $1.8 billion tax relief proposal

    — April 4, 2022

    SPRINGFIELD – Democrats in the Illinois Senate on Friday, April 1 announced a $1.8 billion package of mostly temporary tax relief proposals that they hope to include in the Fiscal…

  • Pritzker outlines $45.4 billion budget proposal

    Pritzker outlines $45.4 billion budget proposal

    — February 2, 2022

    SPRINGFIELD – Gov. J.B. Pritzker on Wednesday, Feb. 2 offered a $45.4 billion general revenue budget plan for the upcoming fiscal year that would include new spending on education…

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