Latest Post | Last 10 Posts | Archives
Previous Post: MLB open thread
Next Post: *** UPDATED x5 - Looking at McCook contractors - IRS involved - “Investigative activity” in Summit - Lyons mayor insurance office raided - Lyons, “other locations” also raided *** Report: “Multiple locations” raided by FBI
Posted in:
* The veto session is about a month away and some fired-up youngsters want the governor to actively push what they and many others consider to be a very important piece of legislation…
The hangup has been that the leaders decided to lump all the energy bills together. Nothing could advance until they were all ready to go. Trouble is, the federal investigation into ComEd has the leaders and the governor’s office so spooked that they don’t want any ComEd bills moving. That means the Clean Energy Jobs Act likely gets stuck, too. Expect more pressure on the governor’s office. I hope to have more for subscribers about this topic tomorrow or soon thereafter.
* Not everybody is on board with this different energy-related bill…
Streator Township High School Superintendent Matt Seaton warned a panel of lawmakers about carve-outs for renewable energy. He asked a Property Tax Relief Task Force subcommittee to be wary of giving lower assessments to wind energy.
“Solar was reassessed this past year,” Seaton said. “We locally took about a $200,000 [equalized assessed value] hit because we have an active solar farm.”
He said if the reduced assessments were applied to the 200 windmills in his district next, it would be “devastating.”
* The approaching session also means it’s back to press release bills like these…
Two new proposals in the Illinois General Assembly would end a sales tax on car trade-ins before it gets started.
State Reps. Tom Bennett, R-Gibson City, and Ryan Spain, R-Peoria, introduced bills that would halt the new trade-in tax that became law during the summer and is to be collected starting Jan. 1. Both proposals – House Bill 3890 and House Bill 3891 – would amend the Use Tax Act and Retailers’ Occupation Tax Act by reversing a new law that expands the scope of sales taxes in the state to include used cars’ trade-in value greater than $10,000.
The state currently collects no sales tax on a car’s trade-in value, which in practice acts as credit toward a new vehicle purchase. By law, sales tax only applies to the difference between trade-in value and the new vehicle’s purchase price.
But that changes Jan. 1 after Gov. J.B. Pritzker in June signed into law a proposal to apply state and local sales taxes to any trade-in value above $10,000. The new tax will generate $60 million a year, according to official estimates. Rather than using these vehicle taxes for roads, the revenue will go toward “vertical infrastructure” such as new state buildings and renovations.
* And a congressional candidate talks about a bill she plans to introduce…
As Illinois officials continue to join national officials in investigating illness and death related to vaping, an area State Senator says she plans to introduce legislation surrounding corporate marketing to students.
Republican 38th District Senator Sue Rezin, whose district covers portions of the WSPY listening area, says there is “no question” that vaping is a public health issue.
Rezin says her bill would also create a database at the Illinois Department of Public Health to track any illness from vaping.
posted by Rich Miller
Thursday, Sep 26, 19 @ 12:37 pm
Sorry, comments are closed at this time.
Previous Post: MLB open thread
Next Post: *** UPDATED x5 - Looking at McCook contractors - IRS involved - “Investigative activity” in Summit - Lyons mayor insurance office raided - Lyons, “other locations” also raided *** Report: “Multiple locations” raided by FBI
WordPress Mobile Edition available at alexking.org.
powered by WordPress.
So a used vehicle gets taxed when it is traded in and then again when its sold? Since the dealer would likely pass the cost of the trade in tax on to the purchaser, it may make used cars more expensive. More expensive used cars means the poor won’t be able to get a better used car and will have to keep their old polluting heap longer.
Comment by A Jack Thursday, Sep 26, 19 @ 1:07 pm
I thought Governor’s office wanted to lead…
Comment by Ok Thursday, Sep 26, 19 @ 1:27 pm