201707.13
0
0

Illinois Legislature Overrides Rauner Veto: Illinois Income Tax Changes Effective 7/1/17

On July 4, 2017, the Illinois Senate voted to override Governor Bruce Rauner’s veto and passed a $36 billion budget package. With the override, the Illinois Senate effectively passed the package which amends the Illinois Income Tax Act and the Retailers’ Occupation Tax Act, resulting in a $5 billion tax increase. Here’s what Illinois businesses…