Local taxing bodies typically intervene when they fear that property owners will appeal their assessment to the Illinois Property Tax Appeal Board or the Circuit Court of Cook County. If the owners win, the taxing body is on the hook for a refund, sometimes years down the road, a prospect that could mean less revenue and massive legal fees.
Many of those local governments were school districts, leading Crain’s to title the article: “Why local school districts are lining up against Fritz Kaegi?”
Both memos are dated Nov. 18 and supersede successive, similarly temporary authorizations, the latest of which were set to expire at the end of 2021. The...
Thirteen years ago, Congress decided a tax credit for companies that blend biodiesel shouldn’t go to refineries that put just a drop of the alternative fuel’s...
Yet, as active as 2021 has been when it comes to state legislation that cuts state income taxes, 2022 is already shaping up to be just...
The new budget approved by the Republican-led North Carolina General Assembly and Governor Roy Cooper (D) make it 13 states where personal income taxes have been cut in...
Tax reform has been on Kentucky lawmakers’ minds for years, and while significant progress has been made recently, substantial work remains to be done. In 2018,...
