Carol Portman

Flickr user: TaxCredits.net

Stores in Illinois keep a portion of what you pay in sales tax. Think of it like a collection fee, though in state government shorthand it’s called a retail discount.

The amount is based on a percentage of what they collect. So the more they sell, the more they keep.

Gov. J.B. Pritzker wants to cap that amount to $1,000 per month for each retailer. It’s one of several proposals aimed at addressing a $3.2 billion deficit in next year’s budget.

U.S. Supreme Court exterior
Brittany Hogan / Flickr (CC-by 2.0)

A decision from the U.S. Supreme Court Thursday gives more power to states to collect taxes on Internet sales. It could be a boon to Illinois, but not as much as in other states.

Home
Bill_Comstock / flickr - https://creativecommons.org/licenses/by/2.0/

As Democrats and Republicans try to make local property taxes into an election-year political issue — state lawmakers are looking to cut tax rates for senior citizens.

Illinois Department of Revenue

An Illinois Independent Tax Tribunal years in the making is up-and-running today. It gives businesses and individuals who have problems with their tax bills a new avenue to get them overturned. Still there are early concerns over who Gov. Pat Quinn has nominated to serve as the tribunal's Chief Administrative Law Judge.

Say a business doesn't agree with how much the state Department of Revenue says it owes in sales taxes. Before, it had two options: fight the tax bill in court (though that costs time and money) or plead the case to the Department of Revenue.