Tag Archives: tax
One More Thing On The Illinois Gas Tax Increase
The state’s new motor fuel tax of 38 cents a gallon will be tied to the Consumer Price Index effective July 2020. That means every March, the Illinois Department of Revenue will use federal inflation data from the previous 12 … Continue reading
The Cost Of Even Parking In Illinois Is Going Up As Well As A New Government Tax Scheme on Purchases—-Car Dealers and Purchasers Will Feel Tax Pain
Did you know pursuant to a bill passed on the last day of the legislative session, the first $10,000 of trade-in value will go untaxed. After that, every dollar of trade-in value would be applied to the purchase price of … Continue reading