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* Mitchell Armentrout and Tina Sfondeles…
An army of lobbyists for corporate sports betting giants were making a full-court press in Springfield in an effort to shelve the hike on an Illinois industry that generated more than $1 billion last year. And their message — that more than doubling the tax rate would lead to worse odds for customers and send them to illegal sportsbooks — was resonating in corners of the House Democratic caucus. […]
State Rep. La Shawn Ford, D-Chicago, called it “a major sticking point” in the final days of session. […]
State Rep. Bob Rita, D-Blue Island, who has shepherded most gaming legislation in the Capitol, suggested the Illinois rate could fall somewhere below the 35% sought by Pritzker. […]
Perhaps a bigger sticking point in budget talks has been the governor’s proposal to lower the tax discount retailers receive for collecting sales taxes, which his office says would net the state an additional $101 million. Retailers are currently reimbursed 1.75% of the sales taxes they collect. […]
During a lengthy House Democratic caucus, members were roll-called on their support for the sports betting increase and for the retailers cap. Neither appeared to have enough support from members as of Wednesday afternoon.
The sports betting tax hike is projected to bring in $200 million. The reduced retailers’ discount is expected to generate $101 million for the state and $85 million for local governments.
The Illinois Retail Merchants Association has beaten back every attempt to take away their sales tax discount, but governors keep trying.
…Adding… Budgeteers went into a meeting at around 9:30 pm.
posted by Rich Miller
Wednesday, May 22, 24 @ 6:53 pm
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Previous Post: WBEZ report: Comms job candidate with mayor’s office claims he was not hired because he formerly worked for Pritzker
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It’s been months. If there still isn’t support for either of these proposals, it’s time to move on and either find an alternative revenue source or cut back on spending. Governor can always comes back to these issues during lame duck.
Comment by Primetime65 Wednesday, May 22, 24 @ 11:29 pm
===it’s time to===
Is this your first end of session?
Comment by Rich Miller Thursday, May 23, 24 @ 12:04 am