Taxes

St. Louis and St. Louis County are among the jurisdictions where voters approved the tax, but there are questions about the scope of countywide marijuana taxes.

The bill would slice the corporate rate in half and exempt all Social Security benefits from state taxation.

The plot has been turned over to the department’s Criminal Tax Investigation Bureau.

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.