Tagged: taxes

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"Fair Tax"
11:21 am
Wed February 23, 2011

Mo. House panel backs tax proposal on party vote

Credit (Flickr Creative Commons User JD Hancock)

A House committee has voted along partisan lines to advance a proposal eliminating Missouri's income taxes and replacing them with a higher sales tax.

The vote Wednesday by the House Tax Reform Committee marked the first step toward moving the so-called "Fair Tax" proposal to the 2012 statewide ballot. All the Republicans on the committee voted for the measure and all the Democrats opposed it.

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Illinois Supreme Court
4:15 pm
Tue February 1, 2011

Illinois Supreme Court stay halts capital bill ruling enforcement

Reporting from Illinois Public Radio's Amanda Vinicky used in this report.

According to an Illinois Supreme court stay issued today (which you can read below), the state can continue collecting higher taxes on liquor, coffee and grooming products.  But that may be only temporary.

The tax bumps have been in place since 2009.

Lawmakers intended for them, as well as proceeds from the legalization of video poker, to pay for a $31 billion infrastructure plan. 

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illinois
5:08 pm
Wed January 26, 2011

Ill. court throws out liquor taxes, video gambling

Ill. Gov. Pat Quinn, pictured here at his inauguration ceremonies earlier this month. Today, an Illinois appellate court has thrown out legislation that was supposed to fund Quinn's $31 billion state construction plan. (UPI/Bill Greenblatt)

Reporting from Sean Crawford, Illinois Public Radio also used in this report.

An Illinois appellate court has thrown out legalized video gambling and higher taxes on liquor and candy that were supposed to fund a $31 billion state construction plan.

The court ruled the 2009 law violated the state Constitution's prohibition on bills that deal with more than one subject.

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