Illinois Seeks Major Tax And Funding Overhaul
Gov Richard Ogilvie and Illinois lawmakers reach key terms on income tax at %% percent for individuals and 4 percent on corporations. A 520 school aid level based on average daily attendance, plus local government rebates from income tax revenue. Block grants to schools via local governments, extra ¼ cent sales tax grants, and plans to curb property taxes. A 14 cent gasoline tax rise, potential auto and truck license fee cuts, and a highway trust authority to issue up to 2 billion in bonds over ten years. A bipartisan push to net a constitutional amendment ending the personal property tax. The governor later said he would sign a bill to remove one household furniture and one auto from personal property.”
MENTIONED IN THIS ARTICLE
General Assembly
New income tax plan topic and figures described
The article explains a proposed 214 percent state income tax with a $1,000 personal exemption per head. Tax would start from federal gross adjusted income and deduct allowances, then apply adjusted gains and dividends. Examples show four-person families paying $23 at $95,000 and up to $1,150 at $50,000, with no tax under $4,000.
Illinois Senate sends bill repealing gun owner registry
The Illinois Senate approved a bill repealing the gun owner registration program in all counties except Cook, sending the measure to Gov. Ogilvie. Critics derided backers as agitated nuts, while supporters argued criminals would not register. The bill survived a turbulent path through House and Senate, with late momentum from Downstate Republicans and Cook Democrats.
Williams Delighted as Illinois Gun Owner Registry Repeal Passes
Rep Gale Williams reports passage of his bill repealing gun owner registration in all but Cook County. The measure now goes to Gov Ogilvie, who has not indicated a stance. Williams calls the vote hard and notes Southern Illinois opponents to the law. Also included: SIU workshop August 11-12 at Farr Auditorium on office occupations and distributive education. Williams plans to back the governor’s revenue program and recently returned to Springfield after his mother’s funeral. Potatoes’ vitamin C noted with Ireland’s 1847 scurvy context.
MENTIONED IN THIS ARTICLE
Ogilvie
Gale Williams
Murphysboro
Williams
SIU
Southern Hinds University
Farr
H. B. Bauernfeind
Richard Ogilvie
Springfield
Also Mentioned on This Page
Lindsay-Schaub News Service
Bringfield
Richard B. Ogilvie
Illinois General Assembly
Inccome
Ity
Gov. Ogilvie
Smith
Arrington
Sohn’s
Austin Fil & Farah
Arnold Palmer
Munsingwear
IZOD
SOHNS
van Heusen & Seroe
TOM Sawyer
London
Sohus
T Herrin
Cape Girardeau
W. Frankfort
Carbondale
Senate
Illinois
Lindsay-Schaub
Illinois Senate
Cook- In
W. Russell Arrington
Evanston
Paul Broyles
R. Mount Vernon
Delmer Mitchell
R-Johnston City
Cook County
John Gilbert
Willaams
Ireland
Grislin’s
Scot Bank
F.d.sc. Drive-In Banking
Esy
Herrin
St. Phonw
Mardale
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