Rising Tax Revenues Helping Narrow City's Budget GapThe Emanuel Administration says it’s seeing an increase in tax revenues, and that is improving the City’s budget picture, at least a bit.
Alderman Calls For Higher Tax On Soft DrinksThe Chicago alderman behind the city's 5-cent tax on bottled water is now setting his sights on soda drinkers.
Chicago Yet Again Makes Forbes' 'Most Miserable Cities' ListIt just wouldn’t be February without Forbes Magazine yet again slapping Chicago with the distinction of a place on the Most Miserable Cities list.
Business Owners: Tax Internet Retailers To Keep Real Stores AliveLocal business owners are looking for a more level playing field, and are backing legislation that would require Internet retailers to collect sales taxes too.
Preckwinkle Urges Approval Of Alcohol, Tobacco Tax HikesCook 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.
Preckwinkle: Despite Tax Hikes, Cook County Residents Will Save $400MCook 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.
Emanuel Revives Plan To Expand Sales Tax To Services, Cut Tax RateMayor 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.
Gas Stations Owe State Of Illinois Millions Of DollarsIllinois is apparently due million of dollars from some of the State's 24-hundred gas station operators.
Joliet Residents Hit With Sales Tax IncreaseJoliet residents are about to get hit with a 40 percent increase in the town’s sales tax.
Kankakee Mayor Defends 'Sham Shops,' Says Chicago Taxes Are Too HighThe 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.
City, RTA Sue 2 Illinois Towns Over Tax Revenue Lost From 'Sham Shops'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.
City Losing Revenue As Loophole Lets Companies Go To Low-Tax TownsMore 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.
Durbin: Eliminate Online Sales Tax BreakU.S. Sen. Dick Durbin (D-Illinois) says it's time to end the Internet sales tax break.
Sales Tax Bill Denounced As Ruinous To Government, TransitA 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.
State: Pay Your Tax On Items Bought AbroadOne of the side benefits of travel abroad is about to disappear – buying and shipping items home absent any sales tax.