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Business & Lifestyle

Income tax hike will cost Moultrie County residents $3.8 million more this year

  SULLIVAN (Heartland Newsfeed) -- Moultrie County residents will pay an additional $3,812,807 in state income taxes this year, according to an analysis by Local Government Information Services (LGIS). LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois zip code. The following Moultrie County communities will pay the most: Sullivan ($2,494,088 total/$684 per person), Bethany ($405,754/$476), Dalton City ($317,455/$740) and Gays ($163,851/$514). Retroactive […]

todayAugust 5, 2017 53

Illinois

Income tax hike will cost Fayette County residents $3.7 million more this year

VANDALIA (Heartland Newsfeed) -- Fayette County residents will pay an additional $ 3,717,845 in state income taxes this year, according to an analysis by Local Government Information Services (LGIS). LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois zip code. The following Fayette County communities will pay the most: Vandalia ($1,744,224 total/$459 per person), Saint Elmo ($445,244/$444), Ramsey ($427,646/$424) and Brownstown ($406,059/$444). Retroactive […]

todayJuly 26, 2017 41

Business & Lifestyle

Income tax hike will cost Christian County residents $8.2 million more this year

TAYLORVILLE (Heartland Newsfeed) -- Christian County residents will pay an additional $8,197,968 in state income taxes this year, according to an analysis by Local Government Information Services (LGIS). LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois zip code. The following Christian County communities will pay the most: Taylorville ($3,486,351 total/$507 per person), Pana ($1,437,691/$465), Moweaqua ($757,825/$595) and Edinburg ($492,474/$577). Retroactive to July […]

todayJuly 25, 2017 70

Business & Lifestyle

McSweeney files bill to repeal Illinois House’s permanent income tax hike

SPRINGFIELD (Heartland Newsfeed via Illinois Policy) -- One day after his chamber passed a 32% income tax hike on Illinoisans, state Rep. David McSweeney (R-Barrington Hills) filed a bill that would repeal that tax hike should it become law. The House passed Senate Bill 9 Sunday with fifteen Republicans voting in favor, which increases the personal income tax rate to 4.95% from 3.75% and hikes the corporate income tax to 7% from 5.25%, both considered an increase of 32%. McSweeney’s […]

todayJuly 4, 2017 36

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