Taxes and Fees

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Whither the Illinois Estate Tax?

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City of Chicago Increases Tax on Liquid Nicotine Products

Consumers of liquid nicotine in the City of Chicago will now pay more for liquid nicotine following the passage of…

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City of Chicago Passes Additional 2.0% Tax on Home Sharing

The Chicago City Council on July 25, 2018 approved a 2.0% surcharge on shared housing and vacation rentals in the City of Chicago. The 2.0% surcharge is in addition to an existing 4.0% surcharge on vacation rentals or shared housing units…

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2017 Cook County Property Taxes Rates Report Released and Second Installment Property Tax Bills Mailed

Cook County Clerk David Orr’s office released the 2017 Cook County Tax Rates report on June 20, 2018 and shortly after…

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Update: How the State of Illinois FY2019 Enacted Budget Will Affect Local Governments

Illinois Governor Bruce Rauner presented his…

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Cook County real estate is $100 billion behind

This article discusses the findings of the Civic Federation’s Estimated Full Value of Real Property in Cook County: 2007-2016. In 2016, the last year for…

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The Illinois Taxes No One Wants to Talk About

This article discusses Civic Federation recommendations from the FY2019 State of Illinois Budget Roadmap to expand the Illinois income tax to include…

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Coverage of FY2019 State of Illinois Operating Budget Analysis

The following news items cover the release of the Institute for Illinois' Fiscal Sustainability at the Civic Federation's analysis of the State of Illinois…

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State of Illinois FY2019 Recommended Operating Budget: Analysis and Recommendations

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Measuring the Impact of a Graduated Income Tax in Illinois Part II – Taxing Retirement Income at Graduated Rates

In a recent post, this blog analyzed the potential impact on State of Illinois revenues from replacing the current flat income…