April 9, 2014
Ill. Gov. Pat Quinn announced last week that Illinois’ 2011 income tax increase would remain in place as part of his proposed $36.8 billion Fiscal Year 2015 Budget plan.
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Quinn Wants to Keep 2011 Illinois Tax Increase as Part of 2015 Budget Proposal
In 2011, Ill. Gov. Pat Quinn signed what was supposed to be a temporary tax increase where Illinois income taxes were raised from 3 to 5 percent and was supposed to drop back down to 3.75 percent after four years. However, the Gov. announced that Illinois’ 2011 income tax increase would remain in place as part of his proposed $36.8 billion Fiscal Year 2015 Budget plan.