New SALT Tax deduction Law
Posted: Mon Dec 11, 2023 5:30 pm
It actually went into effect in August after being signed by Governor Pritzker. But it was filed and sponsored by
IL Republican Senator Win Stoller. And he was able to bring on board about 15 Republicans and 14 Democrats (Senate and House) to cosponsor and get it passed. It's a win for small businesses in terms of how they do their business tax deductions and the SALT limit. Because it's almost tax time, we did this story today.
Win Stoller was featured in an "On The Record" interview talking about his bill. Some of it aired on Good Day Central Illinois, but the entire 9 minute interview can be seen on CiProud.com
https://www.centralillinoisproud.com/ne ... ax-season/
Wow, imagine that. A station accused of leaning a certain way showcasing the accomplishment of a GOP state senator on something that helps small businesses, many who also probably are Conservative.
For those that are not satisfied with this, here is the link to the actual bill that a Democratic Governor signed into law.
https://www.ilga.gov/legislation/BillSt ... 110&GA=102
@WAPJoe if you think this is too political, feel free to move it to local politics.
IL Republican Senator Win Stoller. And he was able to bring on board about 15 Republicans and 14 Democrats (Senate and House) to cosponsor and get it passed. It's a win for small businesses in terms of how they do their business tax deductions and the SALT limit. Because it's almost tax time, we did this story today.
Win Stoller was featured in an "On The Record" interview talking about his bill. Some of it aired on Good Day Central Illinois, but the entire 9 minute interview can be seen on CiProud.com
https://www.centralillinoisproud.com/ne ... ax-season/
Wow, imagine that. A station accused of leaning a certain way showcasing the accomplishment of a GOP state senator on something that helps small businesses, many who also probably are Conservative.
For those that are not satisfied with this, here is the link to the actual bill that a Democratic Governor signed into law.
https://www.ilga.gov/legislation/BillSt ... 110&GA=102
@WAPJoe if you think this is too political, feel free to move it to local politics.