Prtizker’s proposed total expenditure for the upcoming fiscal year is $52.697 billion, with a surplus of $128 million. Pritzker praised the state’s development over the last few years and pledged to pass a balanced budget.
(The Center Square) – High inheritance taxes are forcing Illinois farm families to sell their farms in order to pay the taxes. Some are looking to change that.
(The Center Square) – High inheritance taxes are forcing Illinois farm families to sell their farms in order to pay the taxes. Some are looking to change that. State Sen. Sue Rezin, R-Morris, said the $4 million estate .
State legislators from both sides of the aisle joined together to announce an effort to protect farm families and their land by updating the estate tax code.
New bipartisan measures aimed at ensuring the preservation of family farms in the event of a family member’s death were announced Wednesday after years of attempting to reform the Illinois