Flossmoor village officials are considering a 2.5% “places for eating” tax as part of ongoing efforts to generate new non-property tax revenue. The proposal was discussed at the April 6 Village Board meeting, where staff presented the tax as one of the few remaining options available to help offset rising[Read More…]
Tag: Illinois Department of Revenue
Pappas study calls for halt to runaway property taxes
Cook County property taxes have grown at twice the rate of inflation over the past three decades, forcing home and business owners to turn over an ever-greater percentage of their annual earnings to local governments, according to a study released Monday by Treasurer Maria Pappas. During those 30 years, property[Read More…]
State urges taxpayers to mail returns early to account for postmark policy change
The Illinois Department of Revenue is alerting taxpayers that changes announced by the United States Postal Service (USPS) regarding postmarks could impact tax filings in 2026. While the USPS postmark will still show the date of the first automated processing operation, the postmark may no longer reflect the date when[Read More…]
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