Changes in state, local government taxes in Gov. J.B. Pritzker's fiscal year 2025 budget proposal
Net operating loss cap | $526M | $0 |
---|---|---|
Sports wagering tax hike | $200M | $0 |
Cap retailers' discount | $101M | $85M |
Standard deduction | $93M | $0 |
Eliminate grocery tax | $0 | −$252M |
Child tax credit | −$12M | $0 |
Expand corporate franchise tax exemption | −$10M | $0 |
Net changes | $898M | −$167M |