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Stoller's bill allows small businesses to deduct high state and local taxes from federal returns - Vimarsana News

Stoller's bill allows small businesses to deduct high state and local taxes from federal returns

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. Peoria-area State Sen. Win Stoller, whose district includes Knox County and Galesburg, 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, ra...

Source: wgil.com
Sen. Stoller makes four stops in Henry County - Vimarsana News

Sen. Stoller makes four stops in Henry County

Sen. Stoller makes four stops in Henry County Jon Zahm For the Star Courier CAMBRIDGE - State Senator Win Stoller (R-37), made four stops in Henry County last week to see how he could assist with economic development, infrastructure, agricultural, and educational needs. “I was there to listen, and see how my office could help address pressing community needs. I also wanted to update stakeholders on what was happening in the legislature," said Stoller. The state senator shared with Henry County Economic Development Commission members and others Wednesday that his SB 2631, introduced in late...

Sen. Win Stoller builds support for small businesses tax cap - Vimarsana News

Sen. Win Stoller builds support for small businesses tax cap

Sen. Win Stoller builds support for small businesses tax cap Susan DeVilder The Star Courier After a breakfast meeting with Henry county officials and local leaders on Wednesday, Sen. Win Stoller dropped by  Country Morning Coffee in Kewanee to highlight legislation he’s recently filed with the Illinois General Assembly.  The bill, SB 2531, would allow small businesses in Illinois to avoid a $10,000 cap on state and local tax deductions created in 2017 under the federal Tax Cuts and Jobs Act. Stoller’s  legislation could save small businesses thousands of dollars in federal taxes.  St...

State Sen. Stoller delivers cards to area seniors - Vimarsana News

State Sen. Stoller delivers cards to area seniors

State Sen. Stoller delivers cards to area seniors

On Deck - Monday, January 25, 2021 - Vimarsana News

On Deck - Monday, January 25, 2021

Originally published on January 25, 2021 9:55 am WCBU's On Deck has everything you need to know to start your day for Monday, January 25, 2021. Our top story is about how thousands are receiving their first dose of the COVID-19 vaccine as the Peoria area moves into phase 1-B. You'll also hear how there's a new State Senator serving Illinois' 37th District. Win Stoller ran unopposed in last year's Republican primary and defeated an independent write-in candidate in the general election. Stoller, who succeeded Chuck Weaver, has worked for about 23 years at Widmer Interiors, which sells office ...

Source: wglt.org