Illinois Department of Revenue

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Business & Lifestyle

Illinois’ new parking tax takes effect Jan. 1; critics say it will cost jobs

SPRINGFIELD (The Center Square) -- To help generate $45 billion in new revenue for the Rebuild Illinois infrastructure plan, the state will start taxing parking businesses on Jan. 1. The tax will be 6 percent of the parking rate for hourly, daily or weekly parking. The tax rate will be 9 percent on monthly or yearly parking spaces. The new monthly revenue will then be used to pay for general expenses with the infrastructure plan. Because the tax doesn’t qualify […]

todayDecember 22, 2019

Illinois tax returns

Financial News

Illinois to start accepting tax returns Monday

SPRINGFIELD (Illinois News Network) -- The state of Illinois says it'll start processing tax returns on Monday, but it will be a while before you get your refund. If you file your Illinois taxes online, have your money deposited directly into your bank account and have an error-free tax return, you could see your refund in about a month. The Illinois Department of Revenue said it will start accepting tax returns Monday. The same day that the Internal Revenue Service will […]

todayJanuary 27, 2019

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

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

Business & Lifestyle

Macon County sees no change in state multiplier on property assessments

DECATUR (Heartland Newsfeed) -- The tentative state equalization factor for property assessments in Macon County remains unchanged from last year – 1.000. The county's property assessment equalization factor, commonly known as the multiplier, applies to 2017 taxes payable in 2018, Illinois Department of Revenue Director Constance Beard said in a release. The equalization factor is computed by comparing individual properties' sales prices over the recent three-year period with the assessed value of the properties as determined by the county, the […]

todayDecember 15, 2017

Business & Lifestyle

Rep. Jeanne Ives points to Coles County assessment suit as proof system is broken

SPRINGFIELD (Heartland Newsfeed) -- State Representative Jeanne Ives (R-Wheaton) wants the Illinois Department of Revenue to investigate every Illinois county to determine whether property assessments have been performed according to law. “Illinois has the highest effective property tax rates in the nation," Ives said in a press release. "We just raised income taxes 32% when too many of our residents already cannot afford to live here. We need a system where residents can be assured that they will not be […]

todayAugust 30, 2017

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