Illinois Enacts Major Tax Bills Affecting Income, Estate, Franchise, and Sales Tax

  • Blog
  • 7/15/2019
During June, the Illinois legislature enacted a slew of new tax legislation including major changes to income, estate, franchise, and sales tax provisions.  These changes have far reaching implications for banks, their owners, and customers. Potential Increase to Personal Tax Rates Illinois currently imposes an individual tax rate of 4.95%, under the state’s constitutional mandate […]
This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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