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Wintrust Business Minute: Bill proposed to eliminate Illinois property tax
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
A bill’s been proposed in Springfield that would eliminate Illinois property taxes. Democratic State Representative Thaddeus Jones of Calumet City introduced the legislation to research the feasibility of eliminating property taxes no later than January 1, 2030. The bill would shift revenue generation to income taxes and/or mandate more spending cuts. A bill signed last year by the governor required the Department of Revenue to conduct a comprehensive review of the property tax system but this legislation is more specific.
A bill’s been proposed in Springfield that would eliminate Illinois property taxes. Listen for more below:
https://serve.castfire.com/audio/7281674/7281674_2025-02-13-192414.64kmono.mp3
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By wgnradio.com
4.5
88 ratings
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
A bill’s been proposed in Springfield that would eliminate Illinois property taxes. Democratic State Representative Thaddeus Jones of Calumet City introduced the legislation to research the feasibility of eliminating property taxes no later than January 1, 2030. The bill would shift revenue generation to income taxes and/or mandate more spending cuts. A bill signed last year by the governor required the Department of Revenue to conduct a comprehensive review of the property tax system but this legislation is more specific.
A bill’s been proposed in Springfield that would eliminate Illinois property taxes. Listen for more below:
https://serve.castfire.com/audio/7281674/7281674_2025-02-13-192414.64kmono.mp3
Recent Posts
Wintrust Business Lunch
Home affordability, RTO, micro-apartments
.cls-7{fill:#fff;fill-rule:evenodd}
Terry Savage: Know what’s in your retirement account
.cls-7{fill:#fff;fill-rule:evenodd}
Kraft Heinz to spend $3 billion to upgrade factories
.cls-4{fill:#000;}
First impressions, workforce realities, home sales
.cls-7{fill:#fff;fill-rule:evenodd}
Tariff cuts, stocks rise, Rivian expansion
.cls-7{fill:#fff;fill-rule:evenodd}
Click for more
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