Wednesday, February 8, 2017

Proposed Shift in State Sales Taxes

You could soon pay less for Illinois' sales tax, but you'd pay the tax on more things. Including food and medicine. Illinois Senators yesterday tweaked their plan to raise taxes as part of the so-called 'grand bargain.' The idea is to lower the tax rate from six-and-a-quarter percent to five-point-seven-five percent and expand the list of taxable items. But lawmakers didn't take a vote.

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