A proposed millionaire tax in Illinois is facing significant opposition from state Republicans. The tax, which would impose a 3-% surcharge on annual incomes over one million dollars, aims to offer property tax relief, but has yet to see a specific bill introduced in the legislature.
The Illinois Department of Revenue is urging senior homeowners to take advantage of an expanded property tax relief program designed to help older residents stay in their homes as costs continue to rise.
CHICAGO — Illinois Democrats are proposing tax hikes that could help fund the CTA's budget shortfall of $200 million. The Illinois General Assembly is meeting for the second time in October amid the annual fall veto session. CTA is facing an ongoing financial crisis and a $200 million budget shortfall…