Tag: Taxes

Illinois bill ‘decouples’ state, federal taxes

By Ben SzalinskiCapitol News Illinoisbszalinski@capitolnewsillinois.com Illinois lawmakers are sending a bill to governor JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue. The Governor’s Office of Management and Budget projected last month that Illinois is

Bill to regulate insurance rates fails

By Peter HancockCapitol News Illinoisphancock@capitolnewsillinois.com The Illinois House rejected a bill Thursday that would have given the state Department of Insurance authority to regulate homeowners’ insurance rates. Governor JB Pritzker had called for the legislation in July after State Farm Insurance announced it was raising rates for property and casualty

Pritzker funnels more than $51 Million to pro-graduated tax group; opposition launches coalition and vows ‘there will be resources’

By Jerry Nowicki Days after the governor donated $51.5 Million of his personal fortune to a committee supporting a graduated income tax constitutional amendment, a new coalition has begun an effort to defeat the measure. At stake is governor JB Pritzker’s signature policy proposal, a constitutional amendment scrapping the state’s