Speaker Madigan Unveils 50% Tax Cut for Illinois Businesses
In a surprise move this morning, House Speaker Michael Madigan filed HB 4479, legislation to cut the corporate income tax in half from 7% to 3.5%. According to the press released issued from his office this morning, it will save Illinois businesses $500 to $700 million in Fiscal Year 2014 and up to $1.5 billion…