Illinois lawmakers hope to create a state tax credit for affordable housing – WSIL (Harrisburg)

Comment: Are they aware that the new federal American Rescue Plan prohibits tax cuts like this?
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Aaron
5 years ago

Great idea. Let’s pay for it by increasing real estate taxes.

NB-Chicago
5 years ago

Couldn’t it be argued that any credit, subsidy, loan or plain old handout to taxable business or individuals constitutes at tax break? And therefore runs afoul no tax deduct provision if recieving ARP funds.

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