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Illinois lawmakers tout steps to save taxpayers money on unfunded pension liability - Vimarsana News

Illinois lawmakers tout steps to save taxpayers money on unfunded pension liability

Normal, IL, USA / www.cities929.com May 10, 2021 | 4:21 PM (The Center Square) – Members from both sides of the aisle at the Illinois statehouse say they’re taking small steps to save taxpayers on the $140-plus billion unfunded liability of public sector pensions. State Sen. Robert Martwick, D-Chicago, said after the legislature changed the pension plans a decade ago from Tier I to a plan with fewer benefits, Tier II may not cut it for some retirees. He passed Senate Bill 1675 requiring more state employees to save more on their own through a deferred compensation plan. “So it doesn’t...

WILL RAUNER RUN AGAIN? — MARTWICK OPEN TO COMPROMISE — CORRUPTION x2 - Vimarsana News

WILL RAUNER RUN AGAIN? — MARTWICK OPEN TO COMPROMISE — CORRUPTION x2

POLITICO Get the Illinois Playbook newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 04/30/2021 08:18 AM EDT TGIF, Illinois. I’m making pastitsio and dyeing red eggs this weekend. Happy Easter to all who celebrate. TOP TALKER Bruce Rauner, photographed during the 2018 gubernatorial campaign, looks back on his embattled ti...

SCHOOL BOARD BRASS TACKS — BETTING ON GAMING BILL — EMANUEL THE ENVOY? - Vimarsana News

SCHOOL BOARD BRASS TACKS — BETTING ON GAMING BILL — EMANUEL THE ENVOY?

POLITICO Get the Illinois Playbook newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by CVS Health President Joe Biden gives his first address to a joint session of Congress on April 28, 2021. And he noted another first: “Madam Speaker, Madam Vice President—no president has ever said those words, and it’s ab...

Senate Bill Would Allow New Business Tax Deductions - Vimarsana News

Senate Bill Would Allow New Business Tax Deductions

WBGZ Radio 4/23/2021 | By Greg Bishop - Illinois Radio Network In supporting a bill to let small businesses deduct from federal income taxes some state and local taxes, there’s bipartisan recognition of Illinois’ high tax burden. State and local tax, or SALT deductions were capped at $10,000 by the federal government in 2017. That impacts taxpayers paying high taxes in states like Illinois. State Sen. Win Stoller, R-Germantown Hills, has Senate Bill 2531 at the statehouse that would change state tax code so businesses can take advantage of a change the IRS approved allowing them to file ...

Illinois Senate bill allows small businesses to deduct high state and local taxes from federal returns - Vimarsana News

Illinois Senate bill allows small businesses to deduct high state and local taxes from federal returns

SPRINGFIELD, Ill. (IRN) — In supporting a bill to let small businesses deduct from federal income taxes some state and local taxes, there’s bipartisan recognition of Illinois’ high tax burden. State and local tax, or SALT deductions were capped at $10,000 by the federal government in 2017. That impacts taxpayers paying high taxes in states like Illinois. Win Stoller State Sen. Win Stoller, R-Germantown Hills, has Senate Bill 2531 at the statehouse that would change state tax code so businesses can take advantage of a change the IRS approved allowing them to file as an entity, rather th...

Source: wjpf.com