Income Tax

Illinois' two-year budget impasse is over.

The Illinois House Thursday afternoon overrode Governor Bruce Rauner's veto ... giving final approval to a spending plan and tax increase. From the Statehouse, Brian Mackey reports.

It’s not yet clear whether the Illinois Senate has the votes needed to pass the budget approved Sunday night by the House of Representatives.

 

The Senate has adjourned for the day Monday without taking up the House measures.

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Daniel Biss - a Democratic candidate for governor - says Illinois' tax system should be overhauled.

The state senator from Evanston appeared on Illinois Public Radio's WBEZ  Morning Shift program on Monday.

The Illinois Senate's "grand bargain" budget compromise comes down to three pieces of legislation.

There's a $36.5 billion outline for spending in the fiscal year that begins July 1. The state hasn't had a budget since 2015 because of wrangling between Democratic lawmakers and Republican Gov. Bruce Rauner.

Illinois is one of only eight states with a flat income tax. The reasons can be traced to the state’s first-ever successful attempt at putting an income tax in place.  

An effort to change the current tax structure is underway, but supporters face a fast-approaching deadline.