Taxpayer Outrage

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Business & Lifestyle

GUEST COLUMN: Why your tax break isn’t bigger

It’s everyone’s least favorite time of year again - tax season - which means millions of middle class Americans have spent the last few weeks stressed over their family’s financial health. As they look forward through 2018, some see promise, some see problems, and some see uncertainty. But almost none of them see something very important that they were promised last year, something that has completely failed to materialize – a middle class tax cut. In the debate over last […]

todayApril 17, 2018 14

Business & Lifestyle

COMMENTARY: Illinois legislature considering allowing tax bills to be paid with cryptocurrency

A recent topic of discussion in the Illinois House may become a point of discussion in next week's scheduled hearing of the House Revenue and Finance Committee, slated for 3:00 p.m. on Wednesday, April 11. What is this point of discussion, you ask? A proposed bill filed by Democratic state representative Michael Zalewski (also the chair of mentioned committee), House Bill 5335, may allow for the payment of tax bills with cryptocurrency, but there is much confusion from the vague […]

todayApril 5, 2018 11

Business & Lifestyle

Bourne proposes legislation to repeal the estate tax

LITCHFIELD (Heartland Newsfeed) -- Agriculture runs deep in our American heritage and has been a key component of our state’s history. Illinois, with over 72,000 farms that cover 27 million acres, is an agricultural powerhouse that should be recognized and fostered. One crippling challenge for many Illinois farming families is how to pass the farm on to the next generation after the death of the owner. Currently, Illinois’ estate tax law disproportionately impacts small family farms. The value of these farms, […]

todayMarch 4, 2018 15

Business & Lifestyle

Litchfield ponders 12-year extension of TIF District 1

LITCHFIELD (Heartland Newsfeed) -- With four years remaining on the current tax increment fund (TIF) in District 1, the City of Litchfield presented their case to fellow taxing bodies as to why this district needs extended for an additional 12 years during an informational hearing which took place at the Litchfield Community Center on Wednesday, Feb. 21. "TIF districts address private investment in areas where private investment is not occurring," according to Mike Weber from St. Louis-based PGAV Planners during […]

todayFebruary 27, 2018 40

Business & Lifestyle

Shrinking Decatur to face budgetary hurdles in coming year

DECATUR (Illinois Policy Institute) -- After passing an unbalanced budget in 2017, Decatur will have to address its declining population and revenue as it looks ahead to crafting future budgets. Gov. Bruce Rauner’s budget proposal for fiscal year 2019 continues a reduction to a state financial shell game. While ultimately a benefit for Illinois taxpayers, it’s a move that will force shrinking cities to reform local finances. As part of the fiscal year 2018 budget state lawmakers passed in July 2017, […]

todayFebruary 19, 2018 7

Financial News

Illinois taxpayers to wait a month for state tax refunds

SPRINGFIELD (Heartland Newsfeed) -- If you usually file your taxes in February, you can file your tax return, but you will likely be waiting a month until your receive your refund. Terry Horstman from the Illinois Department of Revenue says it's going to take some time for the state to start sending out any refunds. "The Department of Revenue is continuing with its fraud prevention measures," Horstman said. "We anticipate direct deposit refunds will be issued four weeks from the […]

todayFebruary 5, 2018 5

Capital Area Region

House bill would require referendum before local tax hikes

SPRINGFIELD (Heartland Newsfeed) -- Local lawmakers in the Illinois General Assembly could be prevented from passing tax hikes without voter permission. With passage, the state's voters will have to vote on a referendum as to whether or not tax hikes should be passed. Following years of continued abuse by state and local governments in the form of tax hikes, Illinois have realized their entitlement to vote with their feet, according to a report from the Illinois Policy Institute think tank.   […]

todayFebruary 4, 2018 4

Automotive News

Bourne issues resolution in opposition of vehicle mileage tax

LITCHFIELD (Heartland Newsfeed) -- State Representative Avery Bourne (R-Raymond) has signed on as chief co-sponsor of a resolution that voices opposition to a new tax on Illinois motorists being charged per mile traveled. Bourne is supporting House Resolution 766, which was filed this week in response to new proposed legislation that attempts to penalize drivers with work commutes with new taxes. Senate President John Cullerton (D-Chicago) proposed the new tax on mileage traveled on public, non-tolled Illinois highways via the utilization of […]

todayJanuary 25, 2018 24

Business & Lifestyle

Filing season for Illinois state tax returns begins next week

SPRINGFIELD (Heartland Newsfeed) -- The Illinois Department of Revenue (IDoR) will start accepting state individual income tax returns for the 2017 tax year beginning next Monday, January 29, the same day the Internal Revenue Service (IRS) accepts Federal income tax returns. IDoR is reminding taxpayers to file returns electronically and request direct deposit, as it's still the fastest and most secure way to receive a refund, as they continue to focus on protecting taxpayers and the state government against fraud. […]

todayJanuary 22, 2018 4

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