INTERNET MARKETING

INTERNET MARKETING

These 3 Things will Change the Way Your Store Approaches Tomorrow’s Customer
Designing Content for the Mobile-First Index
Love Food and Small biz? There’s An App for That
States With No Corporate Income Tax Rate
Ohio
Nevada
South Dakota
Texas
Washington
Wyoming
Key Economic Indicators
Item Rate
CPI: 0.1% (Jul 2017) 
GDP Growth: 3% (2nd Qtr 2017)
Bank Prime Interest Rate: 4.25%
Consumer Confidence: 122.9% (Aug 2017)
Small Biz Confidence: 105.2% (Jul 2017)
Avg Gas Price: $2.66

 

 

SMALL BUSINESS NEWS

17 Feb 2014

 

Email this page    

 

Lowering Illinois Corporate Tax Rate

Illinois has one of the highest corproate tax rates at 9.5%.  The Illinois State’s House Majority Leader is floating the idea of lowering the tax this summer. 

The rate changed form 7.3% to 9.5% in 2011.  It is a temporary increase is supposed to last until 2015.  The increase in corporate tax rate has been blamed for the exodus of businesses from Illinois to surrounding states such as Wisconsin and Indiana where the rates are lower.  Wisconsin has a 7.9% corporate tax rate and Indiana has a 8% corproate tax rate.

Lowering the corporate tax rate will reduce revenue to the state treasury that will have to be made up in other ways.  Governor Pat Quin has not stated whether or not he would support the lower tax rate.


By Owen Daniels

 

 

 

 

 

 

 

 

 

 
 

 

  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INTERNET MARKETING

News Home

SBZ Home

 

  

     

                  Report broken links               Contact us              About us           Become a Contributor to this site            Link Exchange 

© 2012-2015 The Small Business Zone, Inc.  All rights reserved.