IL tax on billionaires’ ‘unrealized gains’ would face stiff constitutional test

SPRINGFIELD, ILLINOIS - While the provision may not ultimately be included in final legislation that Illinois Democrats ...

‘Astonishingly reckless:’ IL Dems intro tax on ‘unrealized gains’ to fund transit

SPRINGFIELD, ILLINOIS - With just two days remaining in the Illinois legislative fall veto session, Illinois Democratic state ...

Illinois Governor Pritzker Challenges Plan to Fund Transit With Billionaire Tax

Illinois Governor JB Pritzker said a proposal to tax billionaires’ assets and enact other levies to help fund the Chicago ...

Illinois bill ‘decouples’ state, federal taxes, raising revenue and angering businesses

Illinois lawmakers approved a bill last week to “decouple” some state taxes on businesses from the federal government.
Capitol News Illinois

House transit bill ‘not going forward,’ Pritzker says as he opposes new revenue forms

Article Summary JB Pritzker spoke out against multiple proposed new revenue sources to fund public transportation, including a tax on ...
NBC Chicago

New Illinois laws, taxes in effect July 1: Increases to gas tax, cigarette taxes and more

A slew of new Illinois taxes and laws for 2025 went into effect overnight as the calendar turned to July 1. Many of the changes and new taxes mean some things in the state will wind up costing more, ...
Chicago Tribune

Editorial: Texas is talking tax cuts. Illinois? More hikes.

The phrase “there are two Americas” has many meanings. It can mean that there are two justice systems: one for the rich and one for the poor. It can mean right and left. Rural and urban. Ketchup and … ...
Crain's Chicago Business

Civic groups step up calls for expanding Illinois sales tax to services

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. A coalition of local civic groups is calling for expanding ...