sales tax

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Business & Lifestyle

Back-to-school sales tax holiday unlikely in Illinois

SPRINGFIELD (The Center Square) -- Illinois is unlikely to join the list of states that offer a “back-to-school” sales tax holiday. Sales tax holidays are periods when specific goods are exempted from state, and sometimes local, sales taxes. Many states schedule the events for August when “back-to-school” shopping largely takes place. Illinois held a one-time sales tax holiday back in 2010, but Rob Karr, president of the Illinois Retail Merchants Association, said it didn’t provide the boost some expected. “It […]

todayAugust 5, 2019 4

holiday shopping Christmas shopping sales tax taxation

Business & Lifestyle

OP-ED: Holiday shopping and the sales tax Scrooge

The average American will spend around $800 on gifts this Christmas. But making those holiday buys in Illinois will leave many families wishing they could get more bang for their buck. Illinois passed its first state sales tax – 2 percent on all retail goods – all the way back in 1933. It not only replaced revenue that came from the old statewide property tax, but brought in a lot of new money as well. Fast forward to today: Illinois’ […]

todayDecember 16, 2018 14

Business & Lifestyle

Commentary: Supreme Court decision a slap to the face of small businesses

(Heartland Newsfeed) -- A U.S. Supreme Court decision made today marks yet another slap to the face of the free market and another example of the government intervening on behalf of Big Business. The recent decision now forces e-commerce retailers to pay (and essentially, charge) sales taxes, just like the ancient brick-and-mortar retailers do. Misinformed politicians like Andy Manar (D-Bunker Hill) claims this is a victory for downstate communities who have "claimed" economic decimation due to online shopping. It is […]

todayJune 21, 2018 8

Letters To The Editor

TOSETTI: Get our acts together, start managing the present

Are you concerned? I am. This has nothing to do with politics, as I am a true independent and have been for a long time, knowing that there are good people on both sides. Lately there seems to be a lot of discussion on the State of Illinois and more particularly, rural America, the small towns in it, the counties and the townships, and the struggles most of them are facing. Having been in business 40-plus years with offices in […]

todayFebruary 20, 2018 17

Letters To The Editor

KEEL: Crony capitalism plays in Peoria

The Peoria City Council has approved an extra 1 percent sales tax, but not for schools, roads, or fire/police protection. This “enhanced” tax rate was set up to benefit the developer who is bringing Portillo’s, the popular Chicago-area hot dog franchise, to Peoria. Developer William Torchia convinced our City Council that such assistance was the only way to bring the iconic restaurant to Peoria. Torchia hopes to recoup $650,000 in costs associated with land acquisition and property development. The Libertarian […]

todayNovember 19, 2017 1

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