Illinois Businesses Brace For Potential Tax Increase In Pritzker’s Budget Plan Illinois In Focus podcast

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Illinois Businesses Brace for Potential Tax Increase in Pritzker’s Budget Plan

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Illinois business owners are bracing for a potential tax hit from Gov. J.B. Pritzker. The governor’s proposed budget extends the cap on business net operating losses, but increases the cap to $500,000. His office estimates the “revenue adjustment” will raise $526 million, the bulk of the nearly $900 million of tax increases in his $52.7 billion spending proposal.

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296 episod

#News #Center Square Illinois

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Illinois Businesses Brace for Potential Tax Increase in Pritzker’s Budget Plan

Illinois in Focus

published 2M ago

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MP3•Laman utama episod

Kandungan disediakan oleh America's Talking Network. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh America's Talking Network atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Illinois business owners are bracing for a potential tax hit from Gov. J.B. Pritzker. The governor’s proposed budget extends the cap on business net operating losses, but increases the cap to $500,000. His office estimates the “revenue adjustment” will raise $526 million, the bulk of the nearly $900 million of tax increases in his $52.7 billion spending proposal.

Support this podcast: https://podcasters.spotify.com/pod/show/illinois-in-focus/support

… continue reading

296 episod

#News #Center Square Illinois

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