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Missouri Gov. Mike Parson says he's not worried about Kansas' effort to poach the Kansas City Chiefs and Royals. But, he says Missouri will put together its own offer — if the teams make information public beforehand about their proposed stadium locations and costs.
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The standard exemption increase will mean an extra $69 or so for families of four. The tax credit will once again be tied to inflation after lawmakers last year quietly untied it.
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Lawmakers approved the original law last session. The fix widens who would be eligible for a property tax freeze.
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Illinois' state agency heads received a letter this week instructing them to identify $800 million in collective budget cuts if lawmakers don’t deliver on Gov. J.B. Pritzker's tax requests.
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Missouri counties told state lawmakers that they needed more information when it comes to putting the freeze in place. Some revisions were made this year, but some lawmakers contend that it will take a third try to get the program right.
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The bill sponsored by Missouri Rep. Travis Smith, R-Dora, would cut the tax rate, currently 4%, to 3% on Jan. 1 and make another one percentage point cut each year until the tax is eliminated in 2028.
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Aviston School District 21 has asked voters to approve an increase to its educational fund tax rate three previous times. Each time, it failed by three votes or less.
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The Salem Republican withstood bipartisan scorn of legislation that boosts the Child Tax Credit and provides business tax incentives.
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Tax increment financing districts — commonly known as TIF districts — have cost minority students in public schools across St. Louis and St. Louis County more than $260 million over the last six years, according to a new report.
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The more than 11 million Illinoisans who claim the standard exemption each year will not see an inflation-indexed bump for the 2023 tax year.