The law will allow S-corporations and partnerships to avoid the $10,000 cap on the state and local tax deduction, known as the SALT deduction. State Sen. Win Stoller said the legislation has the potential to help up to 400,000 Illinois business owners save thousands of dollars annually on their federal tax filings.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.