Illinois Lawmakers Approve Bill Allowing Marijuana Businesses To Claim State Tax Deductions As Partial IRS 280E Fix – Marijuana Moment

The legislation—which also contains language directing funding to a cannabis development fund and extends a deadline for conditional licensees to find a storefront—decouples marijuana businesses from the federal tax policy, which currently bans the industry from making key deductions that are available to other traditional markets.

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Illinois lawmakers approve bills expanding health insurance, consumer protection – WAND (Decatur)

House Republicans are concerned that these changes could cause insurance companies to leave Illinois. “We need to be careful about government intervention in the ability to predict losses,” said Rep. Jeff Keicher. “We especially need to be cautious when we have a department that is chronically understaffed, unable to meet deadlines, and the criteria that it takes for an insurance company to maintain its operations.”

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Welcome to the World of Minority Contracting – City Journal

“These cases tend to follow a certain playbook. A minority-owned front company wins the government contract, takes a small cut, and issues a pass-through contract to a white-owned firm…Front-company and pass-through fraud has dogged construction work at Chicago’s O’Hare airport and New York casinos.”

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Audit of Pritzker’s BIG program gives GOP concerns over management of migrant health subsidies – Center Square

With the budget for the coming fiscal year, the governor is being given the authority to manage what could be a $1.1 billion taxpayer cost for undocumented migrant health care. But, a recent Auditor General report on the governor’s handling of the Business Interruption Grant gives pause. The BIG audit found that Pritzker-administered state agencies lacked proper oversight of the $585 million in grants to businesses, initiated the spending without administrative rules and didn’t comply with conflict of interest policies.

 

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Florida isn’t hostile to blacks, but these blue states sure appear to be – Washington Examiner

“If the NAACP wants to identify states where policy is hostile to blacks, it should turn its eyes to states and cities run by Democrats. At the end of 2022, the national black unemployment rate stood at 6.1%. In Florida, it was more than two points lower at 3.8%. Meanwhile, black unemployment was higher than the national average in California (7.5%), Illinois (10.9%), and New York (8.3%).”

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Man in ‘peacekeepers’ vest charged with robbing, beating man in Little Village – Chicago Sun-Times

Oscar Montes, 31, and another man who hasn’t been charged, stole the victim’s cellphone and wallet, according to a criminal complaint that said the victim was beaten badly enough to be hospitalized and was unable to sign a complaint against the suspects. Montes was paroled last May from Illinois prison following an aggravated discharge of a firearm conviction.

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Commentary: Illinois needs to ensure rise of electric vehicles won’t hamper infrastructure funding – Chicago Tribune*

“Overall, motor fuel tax revenues make up 52% of Illinois’ transportation funding and 82% of the Federal Highway Trust Fund…According to a recent report by the Illinois Economic Policy Institute, the price of reaching our state’s stated goal of 1 million EVs on the road in Illinois by 2030 could result in the loss of $1.1 billion in transportation funding. When combined with expected improvements in fuel economy for gasoline-powered vehicles, the impact on Illinois transportation revenues rises to $4.3 billion.”

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Non-Citizen Veterans Face Deportation for Post-Service Infractions – WTTW (Chicago)

Service in the U.S. military can be a speedier route for people hoping to get citizenship, but it’s not a guarantee. Non-citizen veterans are subject to deportation for crimes committed after the military service, and application of those rules can be inconsistent across states. Reports indicate that at least hundreds of veterans have been deported, but no full accounting has ever been done.

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U.S. Supreme Court rules government home equity theft unconstitutional – Illinois Policy

Illinois homeowners in the state’s top 11 most populous counties have lost almost $400 million in tax foreclosures between 2014 and 2021, according to research by the Pacific Legal Foundation. On average, these former homeowners lost 84% of their equity. Among those counties studied across the country, Illinois suffered the highest number of homes taken under this scheme and, combined, lost the most equity in their homes.

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Mississippi River shipping infrastructure is aging. Who should pay for the repairs? – Bloomington Pantagraph

MJS locks 1Around 175 million tons of freight travels on the Mississippi River each year, and from the river’s headwaters to southern Illinois, a series of locks and dams guide barges through the journey. A 2019 Agribusiness Consulting report found that in 2017, more than half of boats and barges on the river were delayed at locks and dams, up from about one in five in 2000. Delay time increased from 90 minutes to about 122 minutes, some of the longest delays in the country.

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IL Freedom Caucus: Pritzker and Democratic leaders invoke usual buzz words to mask their reckless spending – WMCI (Mattoon)

A statement from the caucus reads, in part, “Creating new programs and new line items in the budget does nothing to address the long-term budgetary issues facing our state. We are not addressing pension reform. There won’t be any meaningful property tax reforms and there won’t be any accountability measures in this budget to ensure taxpayers’ dollars are being spent wisely.”

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