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taxation

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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 7

Business & Lifestyle

COMMENTARY: Bank of Springfield Center and SMEAA — a massive drain on taxpayers

(Heartland Newsfeed) -- The Illinois Policy Institute published a story Tuesday regarding the Springfield Metropolitan Exposition and Auditorium Authority (SMEAA) and the damning debt that Springfield taxpayers are on the hook for against their own will. Please note that I may be linking to some of IPI's articles in this commentary. Springfield-area residents often see as many as ten different governmental taxing bodies on their property tax bills each year, most of which include SMEAA. While being furthest from being […]

todayJune 27, 2018 4

Business & Lifestyle

Commentary: Supreme Court decision a slap to the face of small businesses

(Heartland Newsfeed) -- A U.S. Supreme Court decision made today marks yet another slap to the face of the free market and another example of the government intervening on behalf of Big Business. The recent decision now forces e-commerce retailers to pay (and essentially, charge) sales taxes, just like the ancient brick-and-mortar retailers do. Misinformed politicians like Andy Manar (D-Bunker Hill) claims this is a victory for downstate communities who have "claimed" economic decimation due to online shopping. It is […]

todayJune 21, 2018 3

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