sales taxes

Budget FY15
10:27 am
Wed July 9, 2014

Illinois Sees Growth In Tax Revenue, But It Won't Last Long

Credit Hannah Meisel/WUIS

  2014 is only halfway over, but Illinois' new fiscal year just began last week. The state closed out its year with a billion-dollar growth in tax revenue.

The state took in $32 billion in revenue this past fiscal year, more than $7.6 billion of that in sales tax. That's up almost 4.5 percent from last year.

Jim Muschinske, who analyzes revenues for the state's forecasting commission, says that's not amazing, but it's a healthy increase.

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Judges' Qualifications Questionned
6:29 am
Thu January 2, 2014

New Tax Appeals Tribunal Open For Business

Credit Illinois Department of Revenue

An Illinois Independent Tax Tribunal years in the making is up-and-running today. It gives businesses and individuals who have problems with their tax bills a new avenue to get them overturned. Still there are early concerns over who Gov. Pat Quinn has nominated to serve as the tribunal's Chief Administrative Law Judge.

Say a business doesn't agree with how much the state Department of Revenue says it owes in sales taxes. Before, it had two options: fight the tax bill in court (though that costs time and money) or plead the case to the Department of Revenue.

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Statehouse
3:27 pm
Fri October 18, 2013

Illinois Supreme Court Strikes Down 'Amazon Tax'

Credit Illinois Supreme Court

The Illinois Supreme Court on Friday struck down the so-called "Amazon tax." The decision could pave the way for businesses to make more money online.

The law was intended to force Internet retailers to collect Illinois sales tax.

Even if such companies didn't have an office or physical store here, they might have had Illinois "affiliates." That would be a website that linked to a product on, say, Amazon.com, and got a small kickback for every sale.

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Education
8:36 am
Tue October 8, 2013

District 186 Board Talks Tax Hikes

Board President Chuck Flamini
Credit District 186

The Springfield public school board is on the hunt for more revenue. The latest idea is actually one that was tried before. Board vice president Adam Lopez says the district should push again for a one percent sales tax hike. While a parent's group wants a property tax referendum, Board President Chuck Flamini says raising the SALES tax would mean tourists and others coming in to the area to shop would contribute.

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Illinois Supreme Court
6:30 am
Thu May 23, 2013

'Amazon Tax' Under Supreme Court Review

The Illinois Supreme Court heard arguments Wednesday in case challenging the state's so-called "Amazon tax." The decision could change the way Illinois websites make money online. Brian Mackey reports.

When you click a product link on a website — like if a blogger links to a book she's reviewing — the blogger can make a deal with the retailer to get a cut of the sale.

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