Pritzker again after up to $1B tax hike on 440,000 Illinois small businesses
Pritzker again after up to $1B tax hike on 440,000 Illinois small businesses Federal tax relief was championed so small businesses could better deal with COVID-19 economic impacts. Gov. J.B. Pritzker wants to undo that relief to keep $1 billion in state taxes from Illinois small businesses.
2020 was one of the worst years on record for the state’s economy, and Illinois’ 440,000 small businesses felt this pain more than most. Luckily, up to $1 billion in state tax relief is on its way thanks to Illinois automatically adopting a federal tax break intended to help struggling businesses.
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