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Tag Archives: «corporate tax»

201401.30
0

Speaker Madigan Unveils 50% Tax Cut for Illinois Businesses

in For Employers, Illinois News Tags: corporate tax, Madigan

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…

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