Pritzker agency heads questioned on $1.1 billion revenue proposals – Capitol News IL
One proposal would generate $101 million by capping Illinois’ so-called “retailers discount.” Under state law, retailers receive a discount of 1.75 percent of the sales tax they collect as reimbursement for their efforts to collect them. The governor’s change would cap the amount claimed at $1,000 per month. “Contrary to claims, this proposal does not just target large retail stores but would impact retailers of all sizes, from independent grocers to the corner hardware store,” Illinois Retail Merchants Association President and CEO Rob Karr said.