06 Jul

The budget battle continued over the July 4th holiday as the Illinois Senate approved and Gov. Bruce Rauner quickly vetoed legislation that would raise the corporate income tax rate from 5.25% to 7% and the personal income tax rate from 3.75% to 4.95% beginning July 1, 2017. The tax legislation would also, among other changes, […]

The post Illinois ~ Corporate, Personal Income Taxes: Senate Overrides Governor’s Veto of Tax Rate Hike appeared first on Tax & Accounting Blog.

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