taxes

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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

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 4

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 3

Chicagoland Region

Illinois’ Democratic candidates for governor pressed on how high they would raise taxes

CHICAGO (Illinois News Network) -- Illinois’ Democratic candidates for governor were pressed Friday on how high they would raise taxes. Nearly all of them have said they would push for a graduated income tax, where people and businesses that make more money pay a higher rate. The six candidates sat before the Chicago Tribune Editorial Board Friday morning, where they were questioned about how high they would make the rates. J.B. Pritzker, billionaire and heir to the Hyatt hotel fortunes, wouldn’t commit. […]

todayJanuary 20, 2018 13

Business & Lifestyle

Phelps, Reis vote to hike taxes, Severin votes no

SPRINGFIELD (Heartland Newsfeed) -- In a move that Republican leaders say cut off negotiations, the House passed a bill Sunday that nets $5.4 billion in revenue by raising income and corporate taxes and creates several new taxes on services. Rep. Brandon Phelps (D-Harrisburg) voted for the 33 percent tax hike and despite the Republican leaders’ opposition, fifteen House GOP members also voted to approve the measure, including Rep. David Reis (R-Olney) and Rep. Sara Wojcicki Jimenez (R-Leland Grove). Rep. Dave Severin […]

todayJuly 4, 2017 9

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