Illinois Gov. J.B. Pritzker says directing agencies to anticipate $800 million less to spend than what he proposed means he won't sign an unbalanced budget.
Gov. JB Pritzker signed legislation on Monday, June 12, 2023, which outlaws book bans in Illinois . to spend than what he proposed is that he will not sign an unbalanced budget.
Included in the pushback Pritzker said he’s heard about his proposed tax increases were those that doubled the tax on sports betting companies for an estimated $200 million in new revenue. “Somewhat complex, net operating loss carryforwards, not everybody is familiar with those,” Pritzker said. “But we actually have lowered the tax on net operating loss carryforwards from what it had been. There had been limitation of $100,000. We raised that limitation to $500,000 so more companies could take deductions on their taxes.”
Wilhour further quoted from the Pritzker administration memo about federal American Rescue Plan Act tax dollars from the COVID-19 pandemic that are expiring.
Budget Pritzker Tax Increases Agencies $800 Million Sports Betting Federal Funds
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gov. JB Pritzker seeking an extra $50 million next year to fight homelessness in IllinoisThe governor's plan to reduce homelessness is focused on addressing inequities that hurt the Black community.
Read more »
Illinois Gov. Pritzker ‘Skeptical’ of Chicago Bears’ $4.6 Billion Tax-Funded Stadium PlanSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Illinois Gov. J.B. Pritzker's pro-abortion rights group sinks money into Florida ballot questionNatasha Korecki is a senior national political reporter for NBC News.
Read more »
Illinois Gov. JB Pritzker's office still calls new Bears stadium plan a 'non-starter'Illinois Gov. Pritzker's office still calls Bears stadium plan 'non-starter'
Read more »
Sen. Dan McConchie: Illinois Senate should reject Gov. J.B. Pritzker’s ICC appointmentsThere is a potentially avoidable tragedy brewing at the hands of an agency appointed by Gov. J.B. Pritzker, the Illinois Commerce Commission.
Read more »
Pritzker nominates new Illinois Prisoner Review Board executive directorGov. J.B. Pritzker has nominated James Montgomery to serve as the Executive Director of the Illinois Prisoner Review Board (PRB), pending confirmation by the Senate.
Read more »