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Prairie State Wire

Saturday, May 4, 2024

ILGOP: 'Pritzker proposes small biz tax hike'

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Gov. J.B. Pritzker | Facebook

Gov. J.B. Pritzker | Facebook

A bill that would exclude the state from paying parking excise tax advanced out of the House Executive Committee on Wednesday during a virtual hearing.

Senate Bill 217 with a 9-6-0 vote, is making speedy progress since it was filed by Democratic Sen. Cristina Castro on Feb. 17.  The bill has the Illinois Republican Party concerned: “...insiders believe (the bill) be the vehicle for the $1 billion small business tax hike the governor has championed since February,” Illinois Policy reported.

"Small businesses got federal tax relief to handle the COVID-19 economic downturn. Now Springfield is trying to take away the same break on state taxes, costing the state’s main job creators $1 billion with hundreds of thousands of Illinoisans still out of work," Illinois Republicans posted on the ILGOP Facebook page under the headline, “PRITZKER PROPOSES SMALL BIZ TAX HIKE.”

SB 217 would exclude the state and its agencies from paying parking excise tax

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