Larry Rhoden unveiled a proposal Monday that would give counties the option to implement a half-percent sales tax to fund property tax reductions for homeowners. Rhoden said the plan could save ...

Florida House Speaker Daniel Perez has proposed a $5 billion cut to the state sales tax. Perez aims to reduce the state sales tax from 6% to 5.25% permanently. Governor DeSantis supports ...

In general, most people believe that “conservative” states levy fewer taxes than states with more “left-leaning” leadership. This is not always the case. For example, Texas and Florida ...

How do I request an extension to file taxes with the state of Illinois? You must fill out Form IL-505-I, Automatic Extension Payment for Individuals, to pay any amount owed to avoid penalties and ...

(Read the report below.) “The sales tax is falling short,” the study reads. “Illinois needs a more strategic and sustainable fiscal structure that delivers consistent and reliable revenue ...

Central Board of Direct Taxes on Tuesday said stakeholders can send their inputs for drafting Income-tax rules and related forms pertaining to the proposed Income Tax Bill, 2025. The Income Tax Bill, ...

Forever 21, a mall staple known for its youth-centric fashion focus, is set to close U.S. stores as it files for bankruptcy for a second time, impacting more than a dozen locations in Illinois.

How much revenue will be enough? At 66 cents per gallon, Illinois already has the second-highest gas tax in the country. There’s no guarantee — in fact, it’s likely — that if this pilot ...

ILLINOIS (25News Now) - Republican State Representatives met Thursday in Springfield to introduce bills that they believe could help lower property taxes for Illinois residents. State Rep. Dan Ugaste ...

Businesses pursue them in order to lower their taxes. Sometimes there is flexibility in terms of the tax year for which business tax credits are applied. For example, if a business has exceeded ...