Taxes

The legislation decreases the top rate to just under 5% and sets the stage for further reductions. The cut was one of the goals of the special session Parson called.

Gov. Mike Parson in July announced his intent to hold a special session to address two vetoes he issued. The legislature will consider language on both tax credit programs related to agriculture and a permanent income tax cut.

The governor intends to soften the effect of inflation on Illinoisans by suspending the grocery tax, increases in the motor fuel tax and providing a 5% property tax rebate to some owners.

Municipalities can levy up to 3% on recreational cannabis sales on top of existing sales taxes. Cities around the Metro East are using that new revenue in different ways.

The $28 million increase in the budget is meant to cover some “one-time costs” the county will incur this year, plus wage increases and county projects that were postponed due to the pandemic.

Missouri lawmakers soundly defeated efforts to add referendum to bill to raise tax 12.5 cents per gallon.

The computer, chair or workplace you set up to work at home during the pandemic is probably not tax deductible.

Municipalities in Illinois that have cannabis dispensaries will start seeing more money from recreational marijuana purchases. Cities, counties and…

Illinois Gov. J.B. Pritzker is giving $5 million to a campaign supporting a graduated income tax. It’s the first reported contribution in what’s...

ROLLA — A change in federal tax law is threatening the future viability of rural electric cooperatives, according to Missouri industry leaders.Federal law…