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TAX LAW NEWS - TAX LITIGATION
From the category archives:
We’re one month into civil unions in Illinois, and a problem has been discovered.
Couples in civil unions are supposed to be treated like married couples under Illinois law, but when it comes to income tax, there’s a snarl:
Illinois’ tax law says if taxpayers file their federal income taxes separately, they have to file their state [...]
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In its attempt to force online retailers to collect sales tax on items purchased in the Land of Lincoln, the state of Illinois may have just cost its treasury $5 million a year. That’s because the prime target of the state’s newly enacted sales tax legislation, Amazon.com, has ceased paying commissions to Illinois-based affiliates who [...]
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Illinois Gov. Pat Quinn signed legislation (SB2505) last Thursday that temporarily raises Illinois income taxes by two-thirds.
The personal income tax rate immediately rises to 5 percent, up from 3 percent. The corporate income tax rate rises immediately to 7 percent, up from 4.8 percent. The increases are at that level for four years and then [...]
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Get ready to dig a little deeper, Cook County homeowners.
Under a new state law, you’ll be forced to pay slightly more of your property tax bill up front so county agencies, municipalities, school districts and other local governments can improve their bottom lines.
The so-called “accelerated billing” law — which sailed quietly through the General Assembly [...]
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Cash-strapped communities have a message for corporations that promised jobs in return for tax breaks: A deal’s a deal.
As the economy sputters along, municipalities struggling to fix roads, fund schools and pay bills increasingly are rescinding tax abatements to companies that don’t hire enough workers, that lay them off or that close up shop. At [...]
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So you think you know your candy, Mr. and Ms. Sweet Tooth? The State of Illinois begs to differ.
That regular melt-in-your-mouth Hershey’s bar? Candy for sure. But the Cookies ‘n’ Creme spinoff? That’s food, not candy, according to a new state tax law.
A Butterfinger? Candy. Butterfinger Stixx with wafer center? Not candy.
Likewise, Twix, Kit Kat [...]
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Four Illinois riverboat casinos failed to get the U.S. Supreme Court to hear their challenge to a law requiring them to share their profits with the state’s ailing horse racing tracks.
The court’s Monday decision means Illinois tracks expect to share in an estimated $80 million — money set aside under a 2006 law requiring state [...]
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With irate property owners clamoring for relief, Illinois lawmakers passed a law in 1991 to cap skyrocketing real estate tax bills.
At the time, no one anticipated that more than 17 years later, the rate of inflation—the key measure used in the legislation to limit tax increases—would be less than 1 percent.
In 2008, the annual bump [...]
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