Rich Miller: State deficit projections look dim – Chicago Sun-Times

"The governor’s budget office said it wants the Illinois General Assembly to 'immediately' change state law to decouple from the new 'bonus depreciation' law ($121 million in corporate income taxes and $23 million in individual taxes) and unspecified others. It also wants the General Assembly to update state law to 'reflect the federal change from global intangible low-taxed income to net controlled foreign corporation tested income' ($90 million corporate)."
4 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
David F
7 months ago

DOOM is what the Democrats have done for the state.
BJ and JB should be lining up with the federal government on starting the bankruptcies ASAP.

PPF
7 months ago

Looks like Illinois will need to raise taxes on those corporations and individuals that saved money from that Big Beautiful Bill. I know the SALT changes are putting over 9k a year back in my pocket. I’m sure they will want some of that.

Fed up neighbor
7 months ago

Seriously, Pritzker said everything is looking fine, wrong again captain liar strikes again.

Call my shrink
7 months ago

Dim no. Dire yes . Can we afford to keep the dems in power before they suck us dry and sink the state ?

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE