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The RTA sales tax was increased to 1.25% in Cook County, and 0.75% in the collar counties (from 1% and 0.25%, respectively), but one-third of the sales tax collected in the collar counties (i.e. 0.25%) is distributed directly to the counties and the county boards may use that money for transportation or public safety purposes.
The Illinois Department of Revenue has increased in size in line with the creation of new taxes within the state and the expansion of existing taxes. A gasoline tax was enacted in Illinois in 1927, the sales tax was enacted in 1933; the state income tax was enacted in 1969, and the first lottery tickets were sold in 1974 in the state capital of ...
This year, 18 states will hold sales tax holidays, according to Bloomberg Tax, just one state shy of the record set in 2010. Find out what's happening in Across Illinois with free, real-time ...
That levy most recently totaled $10.975 million. If the referendum is approved, the levy would be nixed on Nov. 30. And the new sales tax would begin on July 1, according to county officials.The ...
Cook County. v. t. e. On November 8, 2016, Illinois voters approved the Illinois Transportation Taxes and Fees Lockbox Amendment, a legislatively referred constitutional amendment that prohibits lawmakers from using transportation funds for anything other than their stated purpose. [1]
And the new sales tax would begin on July 1, according to county officials.The change would mean shoppers in McHenry County would pay an additional 25 cents in sales tax for every $100 spent at ...
The city is estimating it will receive $13.8 million in sales taxes in 2023. It said its amount in 2022 is expected to be a record high. "While price inflation will help increase sales taxes, the ...