Quote:
Originally Posted by Dagwood
|
The rate increase might be the biggest any state has adopted
in percentage terms while grappling with recent economic woes. Nevertheless, Illinois' tax rate would
remain lower than in several other states in the region.
The increase now goes to Democratic Gov. Pat Quinn, who supports the plan to temporarily raise the personal tax rate to
5 percent, a two-thirds increase
from the current 3 percent rate. Corporate taxes also would climb as part of the effort to close a budget hole that could hit $15 billion this year.
Threaded Mode
