The Illinois Supreme Court is invalidating a two-year-old Illinois law charging taxes on certain Internet sales.
Mayor Rahm Emanuel said the city will not raise property, sales, or gasoline taxes to balance next year’s budget, but he was mum about which – if any – taxes might go up.
The cost of smoking, buying guns, and playing the slots in Cook County will be going up next year, but the county is also getting rid of the final portion of the hated 2008 sales tax hike.
A group of Lincoln Park business owners is calling on state lawmakers to take a second look at a controversial 30-year old city tax levied on thousands of restaurants in and near downtown.
The Emanuel Administration says it’s seeing an increase in tax revenues, and that is improving the City’s budget picture, at least a bit.
The Chicago alderman behind the city’s 5-cent tax on bottled water is now setting his sights on soda drinkers.
It just wouldn’t be February without Forbes Magazine yet again slapping Chicago with the distinction of a place on the Most Miserable Cities list.
Local business owners are looking for a more level playing field, and are backing legislation that would require Internet retailers to collect sales taxes too.
Cook County Board President Toni Preckwinkle and medical professionals are urging County Board members to approve increases in the alcohol and tobacco taxes when the board meets on Monday.
Cook County Board President Toni Preckwinkle said Wednesday that even with hikes in some taxes and fees in her 2012 budget plan, county residents are saving $400 million with the rollback of the infamous 2008 sales tax hike.
Mayor Rahm Emanuel revealed Wednesday that he plans to move forward with a controversial tax plan from his campaign for mayor – cutting the city’s sales tax, but applying it to several services that now go untaxed.
Illinois is apparently due million of dollars from some of the State’s 24-hundred gas station operators.
Joliet residents are about to get hit with a 40 percent increase in the town’s sales tax.
The mayor of Kankakee is asking the City of Chicago and the Regional Transportation Authority to drop their lawsuits, which accuse her city and Channahon of allowing businesses to use their cities as havens to dodge Chicago sales taxes.
The City of Chicago and the Regional Transportation Authority each filed a lawsuit Tuesday, over retailers who are doing business in the city, but routing sales through “sham shops” in other cities where the sales taxes are lower.
More and more companies are finding a loophole, out of the high sales tax in some counties, but Chicago officials may try to put a stop to that.
U.S. Sen. Dick Durbin (D-Illinois) says it’s time to end the Internet sales tax break.
A bill that has passed the Illinois Senate is being called a boon to taxpayers by some, but others denounced it as a potentially ruinous measure for local government and transit agencies.
One of the side benefits of travel abroad is about to disappear – buying and shipping items home absent any sales tax.
Chicago has some of the highest gas prices in the nation, and it’s no surprise – not with all we’re paying at the pump.